Wheat Analysis – Opportunity DevelopingHi Everyone,
Today, an interesting setup is forming on the wheat market.
On the daily timeframe, price is making a third pullback on the bearish trendline, following two previous retests clearly visible on the chart.
Historically, a third pullback on this type of structure significantly increases
Contract highlights
Related commodities
BullishWheat is the most bullish commodity at this moment mnit has come out of multimonth consolidation. $5.65 is the level which must hold for upmove to continue towards $7.40 - $8.15 - $9.30. It has closed below 65 DeMa but volume is not that great . $6 is the level below which most of the buyers will ex
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Chicago SRW Wheat Futures (May 2017) is May 12, 2017.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Chicago SRW Wheat Futures (May 2017) before May 12, 2017.





