CBOT Wheat Bullish
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Wheat prices have stabilized between $2.50-4.00 per bushel over the past three decades, with support found around that level during the 2008-2009 bear market. The short-term chart for wheat futures suggests prices are poised to rise significantly in the near future.
CBOT Wheat Bullish
- 1. WHEAT LONG TERM (CBOT) It took nearly 3 decades to build a basement zone between 2.50-4.00 dollars a bushel. The last bear market of 2008-2009 found support around that demand zone. Now refer to the next chart WHEAT SHORT-TERM (CBOT) Looks like wheat is getting ready for a big advance…