Wheat Futures Update | October 24, 2024

Headshot of Trent Klarenbach, founder of Klarenbach Research
Trent Klarenbach
October 24, 2024
Thumbnail for "Wheat Futures Update | October 24, 2024 | Klarenbach Research" YouTube video.
November 1, 2024
I analyze Chicago Wheat Futures ($ZW1!), focusing on the crucial $6 resistance zone. I break down the significance of the 200-week and 50-week moving averages, alongside the year-to-date anchored VWAP. On the daily chart, a potential golden cross is forming, which could signal a shift in momentum. Tune in to see what may precipitate a breakout in this market.

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