This is purely a technical view as I am not familiar with wheat fundamentals (Ag fundamentalists please chime in I would love for this to be a learning experience for me); This is however my view of a potential technical validation of the Demand Exchange at 4.07 based on my general view of commodities/dx/oil over the next couple of months as I see a potential pop in the DX after through the March FOMC meeting followed by a small decline in the DX. 4.07 is also in line with the April 2007 major wheat rally kick off.
Looking forward to hearing from you and learning about wheat, Good trading all!
Looking forward to hearing from you and learning about wheat, Good trading all!
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