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Technical Analysis #C-WHEAT : 2016-01-04

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Worse weather may affect crops forecasts On December 30, 2015 the wheat prices edged up for the second straight day after they failed to hit a new 5-year low. Investors are concerned with worse weather in the US and other countries cultivating this crop. The abnormally warm start of the winter increased the chances El Nino will form in spring 2016. The effect may reduce crops significantly. Will the wheat prices continue edging up? The US National Weather Service reported the higher risk of

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