25 0
Rains in top US wheat growing areas after drought improve crop outlook. Will the wheat price continue falling?

Recent rains in southern Plains after dry conditions following colder than usual winter in top US wheat growing states has improved US wheat crop outlook. Colder winter has slowed crop development, limiting crop’s water needs, and more rains support better crop outlook which is bearish for wheat prices.

On the daily timeframe WHTUSD ,D is trading with negative bias after retracing higher following the decline from eight-month high in mid-July. The price has fallen below the support line.

The Donchian channel gives a bearish signal: it is tilted lower.
The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening.

It looks like the bearish momentum will continue after the price closes below the lower Donchian bound at 452. A price point below that level can be used as an entry point for a pending order to sell. The stop loss can be placed above the last fractal high at 501.2. If the price meets the stop loss level (501.2) without reaching the order (452), I recommend cancelling the order: the market sustains internal changes which were not taken into account.

Technical Analysis Summary
Position Sell
Sell stop Below 452
Stop loss Above 501.2

ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 賬戶和賬單 發送反饋意見 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出