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 04/08/2021 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Neutral

De fond: Neutral

Technical indicators

39%

17%

44%

My opinion

Neutral between 624.33 USD and 632.90 USD

My targets

My analysis

The short-term and basic trend is neutral. In this situation, the price of WHEAT could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 632.90 USD. The first support is located at 624.33 USD.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

The WHEAT price is 626.25 USD. On the day, this instrument gained +1.62% and was between 616.00 USD and 629.75 USD. This implies that the price is at +1.66% from its lowest and at -0.56% from its highest.

616.00

629.75

626.25

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 for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of WHEAT in Daily shows a neutral overall trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	491.00	546.75	579.87	626.25	632.90	656.12	685.50
Change (%)	-21.60%	-12.69%	-7.41%	-	+1.06%	+4.77%	+9.46%
Change	-135.25	-79.50	-46.38	-	+6.65	+29.87	+59.25
Level	Intermediate	Intermediate	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	600.75	605.25	610.75	615.25	620.75	625.25	630.75
Camarilla	613.50	614.42	615.33	616.25	617.17	618.08	619.00
Woodie	601.25	605.50	611.25	615.50	621.25	625.50	631.25
Fibonacci	605.25	609.07	611.43	615.25	619.07	621.43	625.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	553.75	573.50	592.25	612.00	630.75	650.50	669.25
Camarilla	600.41	603.94	607.47	611.00	614.53	618.06	621.59
Woodie	553.25	573.25	591.75	611.75	630.25	650.25	668.75
Fibonacci	573.50	588.21	597.29	612.00	626.71	635.79	650.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	504.42	548.83	579.92	624.33	655.42	699.83	730.92
Camarilla	590.24	597.16	604.08	611.00	617.92	624.84	631.76
Woodie	497.75	545.50	573.25	621.00	648.75	696.50	724.25
Fibonacci	548.83	577.67	595.49	624.33	653.17	670.99	699.83

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	48.88
MACD (12,26,9):	-8.1300
Directional Movement:	0.80
AROON (14):	-42.86
DEMA (21):	614.48
Parabolic SAR (0,02-0,02-0,2):	593.25
Elder Ray (13):	1.92
Super Trend (3,10):	652.89
Zig ZAG (10):	626.00
VORTEX (21):	0.9100
Stochastique (14,3,5):	49.61
TEMA (21):	610.34
Williams %R (14):	-35.61
Chande Momentum Oscillator (20):	-1.00
Repulse (5,40,3):	1.1900
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	6.90

MA7:	615.29
MA20:	625.36
MA50:	642.59
MA100:	630.84
MAexp7:	618.73
MAexp20:	625.59
MAexp50:	633.81
MAexp100:	626.05
Price / MA7:	+1.78%
Price / MA20:	+0.14%
Price / MA50:	-2.54%
Price / MA100:	-0.73%
Price / MAexp7:	+1.22%
Price / MAexp20:	+0.11%
Price / MAexp50:	-1.19%
Price / MAexp100:	+0.03%

Quotes : - 10 min delayed data - CBOT Futures

News

The last news published on WHEAT at the time of the generation of this analysis was as follows:

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

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