Wheat Tuesday Forecast

Tuesday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 650, which will be followed by reaching resistance level 673.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 650, which will be followed by moving down to support level 624.

Chart Wheat This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (February 8 – 12, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 650, which will be followed by moving up to resistance level 673 – 690.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 624, which will be followed by moving down to support level 592.

Chart Wheat This/Next Week Forecast, Technical Analysis

previous week forecast
Chart Wheat This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 570.

Wheat Market Fundamental Analysis Ending Stocks US With World

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 633, which will be followed by reaching resistance level 690.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 633, which will be followed by moving down to support level 572.

Chart Wheat Forecast 2020, Long-term Outlook, Technical Analysis

previous month forecast

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