Anyone been to the grocery store lately? Filled up your car with gas? Bought electrical wire at Home Depot? Tried to buy a house? Have you noticed anything? "Transitory" inflation is chomping through all the liquidity infused into the world the last two years. Printing dollar bills doesn't create wealth - it dilutes it. We printed how many trillions of dollars...
We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher.
We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down.
So...
Money supply expansion is like roaches. It goes everywhere you don't want, and nobody can control it.
Plotted here is the money supply to futures ratio of soy, wheat, corn, and sugar. We have the potential to see a massive increase in food speculation, simply because it's not risky. When equities burst, the money goes anywhere it can. So we should expect a...
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Wheat came back up on a tear so I decided to Take Profit at 1315 from 1250 for some nice profit.
My plan now is to wait for wheat to fall back some overnight and buy again either late tonight or tomorrow and ride price up again.
Congrats to all who followed this trade - enjoy your Profits!!
Stay safe.
Heiko
INDEX:BTCUSD
CBOT:ZW1!
The Bitcoin Wheat Ratio appears to be in a Hyperwave,
Assuming that I have drawn my Hyperwave correctly,
The phase 3 line has been broken.
A weekly close below this line suggests a test of the blue Phase 2 line.
A weekly close below the Blue Phase 2 line brings the ratio back to the green Phase 1 line.
Does this suggest a...
Wheat has been trending upwards with a channel/megaphone pattern so far. The prices were increasing rapidly and near the channel boundary, it exploded. When it could end up is very questionable but it's not hard to understand the recent price increase is purely based on fear.
Ukraine and Russia contribute to a total of about 26% to the Wheat market, even if we...
due to everything's happening in the world right now, wheat is just as MANY markets is gonna get highly effected by the situation and it has showed that in the chart.
as we can see the price has had a really good volume, although it's rejected but it's only the start of a trend not the end of it or something, but one sure thing is that its effect is absolute and...
📌 @ridethepig ZW1! Market Commentary 17.12.2020
For buyers the breakout creates the typical starting point, one we have seen many many times before. The fact it is happening on the monthly chart is very telling, this is threatening to impulsive explode to the topside via shortages on the supply side from lockdowns and contractions in globalisation.
Whatever...
1. Daily wheat futures prepares to exit ellipse after trading below the 78° and 71° resistance/support angles (Bayer, 1946).
2. Trend change due on the Helio Mercury—Jupiter, —Saturn conjunctions (Bayer, 1946).
All commodities on my watchlist
www.tradingview.com
are still long.
yes there was a take profit on wheat on oil below prior days low (usuaylly two days low but because of bars ranges that a much higher than prior day I am using a 1 day trailing stop)
Buying new highs on the 5 min chart below prior days low is a valid re-entry...
Wheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago.
Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there...
It doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued,...
Wheat broke out of a range around Feb 23, retested and never looked back.
Multiple limits and multiple limit ups.
Likely driven mostly by Ukraine being a large exporter/producer of Wheat.
Those with multi-decades of market experience might have seen these before but I haven't.
During the March 2020 we've seen limits being hit but not like, everyday (or almost) a...
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