Rice futures about to rise dramatically
Updated
Since 2002 rice has had 10 major demand levels. Nearly every single demand level occurred between March through May (planting season) with the exception of one in July 2010. Every time rice prices found a bottom between March through May, prices increased shortly after, often substantially.
Below is a chart showing the daily triangle breaking out. This is an example of a perfectly aligned short term technical/cyclical/seasonal play.
To all followers:
Thank you for your support. I hope my content provides real value and new perspectives to the market. If you're interested in seeing real dollar profit and loss on each trade please let me know. I will gladly update as far back as the beginning of 2017 and would be happy to incorporate that detail into every update for each trade going forward.
Below is a chart showing the daily triangle breaking out. This is an example of a perfectly aligned short term technical/cyclical/seasonal play.
To all followers:
Thank you for your support. I hope my content provides real value and new perspectives to the market. If you're interested in seeing real dollar profit and loss on each trade please let me know. I will gladly update as far back as the beginning of 2017 and would be happy to incorporate that detail into every update for each trade going forward.
Note
Pricing Rice against the S&P 500... Shows the S&P may be topping when priced in rice. Trade closed: target reached
Target 1Trade closed: target reached
Taking second target at 1281. I no longer think it's necessary to wait for target 2 as the price action shows signs of reversing. +23% on target 1 and +32% on target 2.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.