Wade Assurance
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • About
  • Disclaimer
  • Subscribe

Sell 2018 Wheat.....Not Fibbin.

7/11/2017

0 Comments

 
Most marketing publications use Fibonacci Retracements as a tool to spot potential targets for actionable events.  Most people who trade use Fibonacci's and they are one of my favorite tools.  The other side of the Fibonacci retracement is the extension.  What if price trades above a consolidation area where it has never been before?  Enter the Fibonacci Extension.

2018 July Wheat has pushed against such a level at 261.8%.  In addition, the CCI will soon project a sell signal.  I don't make wheat recommendations as a general rule, but this has sell written all over it.  I am recommending to get to 50% sold 2018 wheat at $6.025.
Picture
0 Comments



Leave a Reply.

    Archives

    January 2019
    December 2018
    June 2018
    March 2018
    February 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    December 2015
    November 2015
    November 2014
    July 2014
    November 2013
    October 2013
    September 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012

    Categories

    All
    Brokerage
    Carryout Worksheet
    Corn
    Crop Insurance
    Cycles
    Dollar
    Oil
    Soybeans
    Wheat

    RSS Feed

    Corn Cycles

    Terminology

    Track Record

Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
CONTACT US
Steve Wade
swade@wadeassurance.com
​
Tyler Wade
​twade@wadeassurance.com
Picture
270-234-6074
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • About
  • Disclaimer
  • Subscribe