CME CBOT:ZW Chicago SRW Wheat Futures prices forecast, Buy, Target 1228 (+88.92%)
Chicago SRW Wheat Futures (CME CBOT: ZW)
Trade : Buy
Entry : 650
Target : 1228 (578, +88.92%)
Stop : 593 (-57, -8.77%)
Posted on Saturday, April 17, 2021
Note : As expected, grain prices continue to rise. Perhaps, there may be many people who think that the grain prices have already moved up a lot.
In my opinion, it is not. They are likely to rise more than they have ever risen. As everyone knows the reason why grain prices are going up and up, there is no need for explanation.
Below is the prices of wheat futures. Resistances could be 800 and 1228. I think it will be hard to secure 800, however, it will eventually break out. It seems to be the time to buy grains including wheat, corn, soybean...
[Chicago SRW Wheat Futures (CME CBOT: ZW) monthly chart]
Trade : Buy
Entry : 650
Target : 1228 (578, +88.92%)
Stop : 593 (-57, -8.77%)
Posted on Saturday, April 17, 2021
Note : As expected, grain prices continue to rise. Perhaps, there may be many people who think that the grain prices have already moved up a lot.
In my opinion, it is not. They are likely to rise more than they have ever risen. As everyone knows the reason why grain prices are going up and up, there is no need for explanation.
Below is the prices of wheat futures. Resistances could be 800 and 1228. I think it will be hard to secure 800, however, it will eventually break out. It seems to be the time to buy grains including wheat, corn, soybean...
[Chicago SRW Wheat Futures (CME CBOT: ZW) monthly chart]
