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Technical Analysis &WHEAT/RUB : 2016-04-05

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Weather can increase wheat prices We would like to consider the dynamics of personal composite instrument Wheat against the Ruble in this review. Is its growth possible? A rise in price of grain on world markets and weakening of the Russian currency is needed for this. The wheat harvest can be reduced in Eastern Europe due to the deterioration of weather conditions. USDA estimated US wheat area this season at 49.65 million acres which is less than the consensus forecast of market participants;

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