Wheat futures remain in a consolidation phase as market participants closely monitor developments in Russia-Ukraine negotiations, which could significantly influence global grain supply dynamics.
Meanwhile, technical analysis highlights a potential bullish signal, with the Crab harmonic pattern suggesting a possible price rebound from the 5,300 level.
Traders are advised to stay cautious, as geopolitical uncertainties and technical factors could lead to heightened volatility in the near term.
Meanwhile, technical analysis highlights a potential bullish signal, with the Crab harmonic pattern suggesting a possible price rebound from the 5,300 level.
Traders are advised to stay cautious, as geopolitical uncertainties and technical factors could lead to heightened volatility in the near term.
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets and Entry Points for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets and Entry Points for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.