WHEAT

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	WWY
ISIN:

WHEAT - Daily - Technical analysis published on 02/01/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

22%

39%

My opinion

Bearish under 781.92 USD

My targets

761.75 USD (-1.46%)

741.07 USD (-4.13%)

My analysis

The basic trend is currently slightly bearish on WHEAT and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 781.92 USD, sales could be favoured. The first bearish objective would be located at 761.75 USD. Sellers would then use the next support located at 741.07 USD as an objective. Crossing it would then enable sellers to target 686.70 USD. A return to above the resistance at 781.92 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

WHEAT rating 773.00 USD. The price registered an increase of +1.54% on the session and was traded between 760.50 USD and 776.75 USD over the period. The price is currently at +1.64% from its lowest and -0.48% from its highest.

760.50

776.75

773.00

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WHEAT chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	686.70	741.07	761.75	773.00	814.75	867.50	943.25
Change (%)	-11.16%	-4.13%	-1.46%	-	+5.40%	+12.23%	+22.02%
Change	-86.30	-31.93	-11.25	-	+41.75	+94.50	+170.25
Level	Intermediate	Major	Major	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	704.08	730.42	745.83	772.17	787.58	813.92	829.33
Camarilla	749.77	753.60	757.42	761.25	765.08	768.90	772.73
Woodie	698.63	727.69	740.38	769.44	782.13	811.19	823.88
Fibonacci	730.42	746.37	756.22	772.17	788.12	797.97	813.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	705.50	739.75	763.00	797.25	820.50	854.75	878.00
Camarilla	770.44	775.71	780.98	786.25	791.52	796.79	802.06
Woodie	700.00	737.00	757.50	794.50	815.00	852.00	872.50
Fibonacci	739.75	761.72	775.29	797.25	819.22	832.79	854.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	666.83	708.92	739.83	781.92	812.83	854.92	885.83
Camarilla	750.68	757.37	764.06	770.75	777.44	784.13	790.83
Woodie	661.25	706.13	734.25	779.13	807.25	852.13	880.25
Fibonacci	708.92	736.80	754.03	781.92	809.80	827.03	854.92

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.48
MACD (12,26,9):	-0.2200
Directional Movement:	-1.62
AROON (14):	42.86
DEMA (21):	778.16
Parabolic SAR (0,02-0,02-0,2):	830.00
Elder Ray (13):	-10.89
Super Trend (3,10):	751.26
Zig ZAG (10):	774.25
VORTEX (21):	0.9800
Stochastique (14,3,5):	38.98
TEMA (21):	780.88
Williams %R (14):	-61.11
Chande Momentum Oscillator (20):	27.00
Repulse (5,40,3):	-2.3600
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	6.55

MA7:	787.46
MA20:	773.06
MA50:	789.36
MA100:	773.68
MAexp7:	779.31
MAexp20:	779.33
MAexp50:	780.63
MAexp100:	771.59
Price / MA7:	-1.84%
Price / MA20:	-0.01%
Price / MA50:	-2.07%
Price / MA100:	-0.09%
Price / MAexp7:	-0.81%
Price / MAexp20:	-0.81%
Price / MAexp50:	-0.98%
Price / MAexp100:	+0.18%

Quotes : - 10 min delayed data - CBOT Futures

News

Don't forget to follow the news on WHEAT. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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