WHEATIn April/May, wheat harvests occur in the eastern part of the globe. India has banned wheat exports since 2022 in order to replenish domestic reserves. Subsidies for farmers have meant that the sowing area is larger than usual, which translates into quite high expectations when it comes to harvests.
WHEAT at Key Support Level - Will Price Rebound to 541$?PEPPERSTONE:WHEAT has reached a major support level, an area where buyers have previously shown strong interest. This area has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfi
Global Wheat Market: Lower Production and Trade AdjustmentsAs outlined in the March WASDE report , the global wheat market is undergoing significant shifts due to production declines, lower trade volumes, and changing stock levels. These factors are expected to shape pricing and investment strategies in 2025.
Global Production and Stock Adjustments
The
WHEAT Approaching Key Support - Will Price Rebound to 550$?PEPPERSTONE:WHEAT is approaching a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price may soon be testing this level, potentially setting up for a rebound.
A bullish confirmation, such as a strong rejection pattern, bullis
WHEAT at Key Support Zone – Bullish Bounce ExpectedPEPPERSTONE:WHEAT has approached a key support zone, marked by previous price reactions and strong buying interest. This area has previously acted as a demand zone, increasing the likelihood of a bullish bounce if buyers step in.
The current market structure suggests that if the price confirms sup
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WHEAT - Broadening Bottom / Falling WedgeBeautiful weekly chart here on Wheat, attempting to break the supply line coming down from the highs here, and challenging local resistance.
Real clean double bottom nearing the apex of consolidation here. Holding above 578 keeps you above the range low, and the expectation would be a resolution t
WHEAT - Testing a major resistance zoneCAPITALCOM:WHEAT is testing a major resistance zone that has previously led to significant bearish reversals. The recent bullish momentum into this area increases the likelihood of seller interest.
If the market shows bearish confirmation through rejection wicks, bearish engulfing candles, or inc
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Displays a symbol's price movements over previous years to identify recurring trends.