Why Wheat Might Be Tasty

CBOT:ZW1!   Wheat Futures
Various factors from fundamentals to technicals indicate that wheat             might be a good candidate for a long position. First, the latter part of October had enough momentum to punch through the resistance indicated by the Ichimoku cloud . Next, we see consecutively higher lows indicated by the trend lines . Finally, we note that there is a relative vacuum area from above. The fact that the price is consolidating around this level may indicate that wheat             will break out soon. The bullish ABCD pattern further confirms this assertion. The MACD and RSI indicate that this is an optimal time to buy.

Also note that the fundamentals suggest that the demand for wheat             may rise due to a decease in Saudi production. Believe it or not, Saudi Arabia is a big producer of wheat             for the middle east.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out