US WHEAT, still a bit to the downside
US Wheat futures.
2022 Ukraine-Russia War spiked prices to the 13.000$. Since that moment, prices have retraced to the 550$ levels. Notice the useful trend lines, key pivots for reversals.
Also, AVWAP (in purple) since the 2022 highs has been a key line to watch for lately, as short sellers will try to push the prices to the downside when reached.
Elliott countdown also suggests further downside to finish the 5th wave
My PT remains in the 500$ area
2022 Ukraine-Russia War spiked prices to the 13.000$. Since that moment, prices have retraced to the 550$ levels. Notice the useful trend lines, key pivots for reversals.
Also, AVWAP (in purple) since the 2022 highs has been a key line to watch for lately, as short sellers will try to push the prices to the downside when reached.
Elliott countdown also suggests further downside to finish the 5th wave
My PT remains in the 500$ area
Catatan
5th Elliott wave on development. PT remains in the 500$ area
Catatan
Nearing PT of 500$, as of writing in the 520$Catatan
getting there!! Low at 515$
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.