SIGNAL REMINDER – WHEAT SHORT
Today, analysts remind of the analysis of the decline in wheat prices from 21/1/5. The analysis is still active and can bring an interesting result.
ORIGINAL TEXT: Wheat Short. The wheat market has stopped at local maximum prices and is now preparing to weaken again. In the current state of fundamentals, no more than a few percent decline can be expected yet. The closest support on the daily charts appears to be the value of about 600 cents per bushel for a futures contract.
Chart source: WebTrader