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21/1/7 11:55(CET)_Signal UPDATE Wheat Short from 21/1/5 10:31(CET)_SIGNAL REMINDER

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

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