Read the previous idea on copper, same style but with wheat. By Jan 22nd expecting a cycle top and a price target of 660, cycle low on Feb 16th with a target of 575.
*Futures trading involves a substantial risk of loss and is not suitable for all investors.
*Futures trading involves a substantial risk of loss and is not suitable for all investors.
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Target raised to 680
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Preliminary 660 target reached.
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!As long as there is no close above 664 - we saw the top - this is called price ahead of time. Mid January we could see retest of the highs.!
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Wheat forecast playing out nicely
İşlem kapandı: hedefe ulaştı:
680 reached.
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Cycle is up till January 22nd, that's why we continue to see fresh highs. 700 is very strong resistance.
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Investors that were long should consider fixing profit next week. Cycle is turning around.
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We are getting the expected cycle low at a much higher than anticipated price.
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