{"id":187376,"date":"2023-03-27T01:23:50","date_gmt":"2023-03-27T05:23:50","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=187376"},"modified":"2023-03-27T01:37:55","modified_gmt":"2023-03-27T05:37:55","slug":"wheat-zw-consolidating-bounce-off-fresh-2023-low","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/","title":{"rendered":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low"},"content":{"rendered":"\n

Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low<\/strong><\/p>\n\n\n\n

Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.\u00a0 Although ZW could retest in the next week or so the weekly chart descending wedge support, odds are increasing and moderate for a test of the same wedge\u2019s resistance before month end.\u00a0 The bear trend since the May high neutralizes on any daily close above the psychologically key 750 whole figure level.\u00a0 Before bulls get excited, they\u2019ll want to see a break above the February high.\u00a0 Congratulations to Premium Members alerted Feb 14, 2022 to the looming resumption in the major uptrend and who benefited<\/a>, along with those who took advantage of\u00a0 the Aug 21, 2020 highlighting of ZW’s major bottoming effort.<\/a>\u00a0 The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.\u00a0 I am looking to go long in the green zone (of the daily chart), targeting the red zone for Friday.\u00a0 The amber\/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).\u00a0 Click here for analysis on SOYBEAN, AUDUSD<\/strong><\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Source: Interactive Brokers TWS<\/p>\n","protected":false},"excerpt":{"rendered":"

Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low. <\/p>\n","protected":false},"author":53,"featured_media":187377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,5,17,6,8,9,23,26,3],"tags":[169,1291],"contributors-categories":[13631],"class_list":["post-187376","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asia","category-europe-middle-east-africa","category-futures","category-north-america","category-region","category-securities","category-technical-analysis","category-text-articles","category-traders-insight","tag-futures","tag-technical-analysis","contributors-categories-tradable-patterns"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nWheat (ZW) Consolidating Bounce Off Fresh 2023 Low<\/title>\n<meta name=\"description\" content=\"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/187376\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T05:23:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-27T05:37:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1898\" \/>\n\t<meta property=\"og:image:height\" content=\"1868\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Darren Chu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Darren Chu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Darren Chu\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/907f1f135f9f8fdd89c1ed722fb0280f\"\n\t },\n\t \"headline\": \"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low\",\n\t \"datePublished\": \"2023-03-27T05:23:50+00:00\",\n\t \"dateModified\": \"2023-03-27T05:37:55+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/\"\n\t },\n\t \"wordCount\": 212,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/03\\\/zw-wheat-technical-analysis-3.jpg\",\n\t \"keywords\": [\n\t \"futures\",\n\t \"technical analysis\"\n\t ],\n\t \"articleSection\": [\n\t \"Asia Pacific\",\n\t \"Europe, the Middle East and Africa\",\n\t \"Futures\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Technical Analysis\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/\",\n\t \"name\": \"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/03\\\/zw-wheat-technical-analysis-3.jpg\",\n\t \"datePublished\": \"2023-03-27T05:23:50+00:00\",\n\t \"dateModified\": \"2023-03-27T05:37:55+00:00\",\n\t \"description\": \"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/wheat-zw-consolidating-bounce-off-fresh-2023-low\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/03\\\/zw-wheat-technical-analysis-3.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/03\\\/zw-wheat-technical-analysis-3.jpg\",\n\t \"width\": 1898,\n\t \"height\": 1868,\n\t \"caption\": \"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/907f1f135f9f8fdd89c1ed722fb0280f\",\n\t \"name\": \"Darren Chu\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/darren-chu\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low","description":"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/187376\/","og_locale":"en_US","og_type":"article","og_title":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low | IBKR Campus US","og_description":"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/","og_site_name":"IBKR Campus US","article_published_time":"2023-03-27T05:23:50+00:00","article_modified_time":"2023-03-27T05:37:55+00:00","og_image":[{"width":1898,"height":1868,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","type":"image\/jpeg"}],"author":"Darren Chu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Darren Chu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/"},"author":{"name":"Darren Chu","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/907f1f135f9f8fdd89c1ed722fb0280f"},"headline":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low","datePublished":"2023-03-27T05:23:50+00:00","dateModified":"2023-03-27T05:37:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/"},"wordCount":212,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","keywords":["futures","technical analysis"],"articleSection":["Asia Pacific","Europe, the Middle East and Africa","Futures","North America","Region","Securities","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/","name":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","datePublished":"2023-03-27T05:23:50+00:00","dateModified":"2023-03-27T05:37:55+00:00","description":"Wheat (ZW) is consolidating to start the week after last week\u2019s bounce off a fresh 2023 low.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/wheat-zw-consolidating-bounce-off-fresh-2023-low\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","width":1898,"height":1868,"caption":"Wheat (ZW) Consolidating Bounce Off Fresh 2023 Low"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/907f1f135f9f8fdd89c1ed722fb0280f","name":"Darren Chu","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/darren-chu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/03\/zw-wheat-technical-analysis-3.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/187376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=187376"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/187376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/187377"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=187376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=187376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=187376"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=187376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}