Wheat broke out of a range around Feb 23, retested and never looked back.
Multiple limits and multiple limit ups.
Likely driven mostly by Ukraine being a large exporter/producer of Wheat.
Those with multi-decades of market experience might have seen these before but I haven't.
During the March 2020 we've seen limits being hit but not like, everyday (or almost) a limit is hit.
And limit ups.... in daily candle sticks these will show up as dots
Amazing to observe, even better for those who participated in gains
but, scary what the implications of these to food and beverage prices...
Hard to say whether this will continue or reverse at some point (when) I definitely don't and observing from the sidelines.
Hopefully it stabilizes along with everything else.
Multiple limits and multiple limit ups.
Likely driven mostly by Ukraine being a large exporter/producer of Wheat.
Those with multi-decades of market experience might have seen these before but I haven't.
During the March 2020 we've seen limits being hit but not like, everyday (or almost) a limit is hit.
And limit ups.... in daily candle sticks these will show up as dots
Amazing to observe, even better for those who participated in gains
but, scary what the implications of these to food and beverage prices...
Hard to say whether this will continue or reverse at some point (when) I definitely don't and observing from the sidelines.
Hopefully it stabilizes along with everything else.
註釋
That price move from breakout by the way is ~50% in a matter of days.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。