Wheat forecast.
Aktualisiert
Read the previous idea on copper, same style but with wheat. By Jan 22nd expecting a cycle top and a price target of 660, cycle low on Feb 16th with a target of 575.
*Futures trading involves a substantial risk of loss and is not suitable for all investors.
*Futures trading involves a substantial risk of loss and is not suitable for all investors.
Anmerkung
Target raised to 680Anmerkung
Preliminary 660 target reached.Anmerkung
!As long as there is no close above 664 - we saw the top - this is called price ahead of time. Mid January we could see retest of the highs.!Anmerkung
Wheat forecast playing out nicelyTrade geschlossen: Ziel wurde erreicht
680 reached.Anmerkung
Cycle is up till January 22nd, that's why we continue to see fresh highs. 700 is very strong resistance.Anmerkung
Investors that were long should consider fixing profit next week. Cycle is turning around.Anmerkung
We are getting the expected cycle low at a much higher than anticipated price.
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