Hello!
If we look at the one-year cycle, we see that between March and June, wheat prices usually go up. This has to do with the harvest times, which are mostly in autumn. We are currently in the last impulse of the Elliot impulse wave, which started in May 2019. Due to the last steep correction wave, there could now be a strongly rising pulse wave, which has already completed its first of the three pulses. The zones of interest are marked on the chart. This is my first analysis, so I would be happy to receive suggestions and suggestions for improvement.
Have a nice day and stay healthy!
If we look at the one-year cycle, we see that between March and June, wheat prices usually go up. This has to do with the harvest times, which are mostly in autumn. We are currently in the last impulse of the Elliot impulse wave, which started in May 2019. Due to the last steep correction wave, there could now be a strongly rising pulse wave, which has already completed its first of the three pulses. The zones of interest are marked on the chart. This is my first analysis, so I would be happy to receive suggestions and suggestions for improvement.
Have a nice day and stay healthy!