Londinia Opportunities Analyses - 07/26/2024 (GMT) KC HRW WHEAT FULL1224 - 1H
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USD
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10 min delayed data - CBOT Futures
| Type: | Futures |
| Ticker: | KEXXXX |
| ISIN: | KEXXXX |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 555.57 USD
My targets
550.25 USD (-0.68%)
545.75 USD (-1.49%)
My analysis
KC HRW WHEAT FULL0924 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 555.57 USD. The next support located at 550.25 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 545.75 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.4
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Additional analysis
Quotes
KC HRW WHEAT FULL0924 rating 554.00 USD. The price registered a decrease of -1.34% on the session and was between 551.25 USD and 566.25 USD. This implies that the price is at +0.50% from its lowest and at -2.16% from its highest.551.25
566.25
554.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this KC HRW WHEAT FULL0924 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 545.75 | 550.25 | 554.00 | 555.57 | 559.98 | 567.62 |
| Change (%) | -1.49% | -0.68% | - | +0.28% | +1.08% | +2.46% |
| Change | -8.25 | -3.75 | - | +1.57 | +5.98 | +13.62 |
| Level | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 540.50 | 548.00 | 554.75 | 562.25 | 569.00 | 576.50 | 583.25 |
| Camarilla | 557.58 | 558.89 | 560.19 | 561.50 | 562.81 | 564.11 | 565.42 |
| Woodie | 540.13 | 547.81 | 554.38 | 562.06 | 568.63 | 576.31 | 582.88 |
| Fibonacci | 548.00 | 553.44 | 556.81 | 562.25 | 567.69 | 571.06 | 576.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 516.92 | 531.33 | 550.67 | 565.08 | 584.42 | 598.83 | 618.17 |
| Camarilla | 560.72 | 563.81 | 566.91 | 570.00 | 573.09 | 576.19 | 579.28 |
| Woodie | 519.38 | 532.56 | 553.13 | 566.31 | 586.88 | 600.06 | 620.63 |
| Fibonacci | 531.33 | 544.23 | 552.19 | 565.08 | 577.98 | 585.94 | 598.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 376.08 | 476.17 | 537.83 | 637.92 | 699.58 | 799.67 | 861.33 |
| Camarilla | 555.02 | 569.85 | 584.67 | 599.50 | 614.33 | 629.15 | 643.98 |
| Woodie | 356.88 | 466.56 | 518.63 | 628.31 | 680.38 | 790.06 | 842.13 |
| Fibonacci | 476.17 | 537.96 | 576.13 | 637.92 | 699.71 | 737.88 | 799.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.04 | |
| MACD (12,26,9): | -1.8800 | |
| Directional Movement: | -25.57 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 558.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 564.94 | |
| Elder Ray (13): | -5.09 | |
| Super Trend (3,10): | 563.71 | |
| Zig ZAG (10): | 554.50 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 21.11 | |
| TEMA (21): | 557.28 | |
| Williams %R (14): | -81.67 | |
| Chande Momentum Oscillator (20): | -8.25 | |
| Repulse (5,40,3): | -0.9200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.18 |
| MA7: | 564.89 | |
| MA20: | 572.55 | |
| MA50: | 626.57 | |
| MA100: | 622.01 | |
| MAexp7: | 557.60 | |
| MAexp20: | 560.44 | |
| MAexp50: | 562.77 | |
| MAexp100: | 564.30 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -3.24% | |
| Price / MA50: | -11.58% | |
| Price / MA100: | -10.93% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -1.56% | |
| Price / MAexp100: | -1.83% |
Quotes :
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10 min delayed data
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Futures CBOT