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Kwc1

Hard Red Winter Wheat: Sell Opportunity on the 1W Resistance.The price is testing the 499'4 1W Resistance after a prolonged rise since the rebound on the 380'4 1W Support. We've made a Double Top on the 1D chart which remains bullish (RSI = 65.798, MACD = 12.030, ADX = 55.290, Highs/Lows = 2.8750). However MACD is forming a top on a bearish reversal pattern. We are expecting a strong rejection after that Double Top and our Target Zone is 393'2 - 380'4. ** If you like our free content follow our profile (tradingview.sweetlogin.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:KE1!Short
by InvestingScope
KE1!: Both targets hit. Long on the 1W support.Both TP =574.20 & 588.20 hit as the 1W Channel Up (MACD = 9.620, B/BP = 0.3280) made a 598.40 Higher High. It has since pulled back to make a Higher Low, which was most likely priced at 498.20. This commodity (Hard Red Winter Wheat) is on a very long term uptrend and we are now holding a long with TP = 569, 598 in extension.
CBOT:KE1!Long
by InvestingScope

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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