Wheat forecast.
Atualizado
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.
Nota
Target raised to 680Nota
Preliminary 660 target reached.Nota
!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.!Nota
Wheat forecast playing out nicelyTrade fechado: objetivo atingido
680 reached.Nota
Cycle is up till January 22nd, that's why we continue to see fresh highs. 700 is very strong resistance.Nota
Investors that were long should consider fixing profit next week. Cycle is turning around.Nota
We are getting the expected cycle low at a much higher than anticipated price.
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