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Technical Analysis #C-WHEAT : 2016-01-11

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Awaiting monthly report from US Agricultural Department Wheat prices are edging up from the 5 and 1/2 year lows. Previously they lost 10% from mid-December amid favorable weather and stricter import regulations of grain to Egypt. Last week the weather has turned nasty which caused the massive closure of the shorts. For the last week of 2015 the volume of shorts closed increased almost 40%, according to the US Commodity Futures Trading Commission. Will the wheat prices continue rising? Market

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