Wheat Weekly Forecast

This/Next Week Forecast (April 5 – 9, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 633, which will be followed by moving up to resistance level 660.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 633, which will be followed by reaching support level 593 and 572.

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, April 2021

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 633, which will be followed by moving up to resistance level 660 and 693.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 633, which will be followed by reaching support level 572.

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

previous month forecast

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