November 1, 2024
I take a close look at the weekly and daily Wheat Futures charts, focusing on the 50-week and 200-week moving averages, as well as the year-to-date volume-weighted average price (VWAP). Discussing recent market movements, I highlight the significance of the $6.17 resistance level and potential support around $6. I also share my insights on potential future price action, suggesting we might see some consolidation before a move to the $6.40-$6.50 range, and conclude by outlining what would make me turn bullish in this market.
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