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Technical Analysis #C-WHEAT : 2016-03-07

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Weather affects markedly the prices The wheat prices edged up on Friday for the 3rd time amid bad weather in the US. After the grain hit a fresh 5 ½ year low last week, its price showed the record weekly growth since December. May the wheat prices continue edging upwards? The main growth factor for wheat prices was the drought in the US Great Plains area which may reduce crops. The climatic agency U.S. Drought Monitor reported the 21% of Oklahoma state suffers from dry weather. The scarce rains

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