Wheat:
Price took an impressive beating of 8.5% for the week with especially Friday's session being very weak with a 4% decline in value. The move of Friday was very decisive and volatile which is a very strong indication that more decline is to be expected during the coming week. There is no tradable bottom in this market just as yet and we will need to allow price another 7-10% decline before we can think of a tradable low. Even though we now feel that we have a clear vision on what is to come it is by far too late to entertain a short play but at the same time it is too early to consider a long play. Lean back, relax, wait & see.
Price took an impressive beating of 8.5% for the week with especially Friday's session being very weak with a 4% decline in value. The move of Friday was very decisive and volatile which is a very strong indication that more decline is to be expected during the coming week. There is no tradable bottom in this market just as yet and we will need to allow price another 7-10% decline before we can think of a tradable low. Even though we now feel that we have a clear vision on what is to come it is by far too late to entertain a short play but at the same time it is too early to consider a long play. Lean back, relax, wait & see.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。