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 10/13/2021 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

22%

33%

44%

My opinion

Neutral between 712.83 USD and 739.92 USD

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on WHEAT. It is difficult to advise a trading direction under these conditions. The first resistance is located at 739.92 USD. The first support is located at 712.83 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.

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 Smurph77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WHEAT price is 718.75 USD. The price has increased by +0.00% since the last closing and was between 712.75 USD and 737.75 USD. This implies that the price is at +0.84% from its lowest and at -2.58% from its highest.

712.75

737.75

718.75

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WHEAT in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	634.20	674.50	712.83	718.75	739.92	761.75	943.25
Change (%)	-11.76%	-6.16%	-0.82%	-	+2.95%	+5.98%	+31.23%
Change	-84.55	-44.25	-5.92	-	+21.17	+43.00	+224.50
Level	Intermediate	Intermediate	Minor	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	682.75	697.75	707.75	722.75	732.75	747.75	757.75
Camarilla	710.88	713.17	715.46	717.75	720.04	722.33	724.63
Woodie	680.25	696.50	705.25	721.50	730.25	746.50	755.25
Fibonacci	697.75	707.30	713.20	722.75	732.30	738.20	747.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	690.92	711.33	722.67	743.08	754.42	774.83	786.17
Camarilla	725.27	728.18	731.09	734.00	736.91	739.82	742.73
Woodie	686.38	709.06	718.13	740.81	749.88	772.56	781.63
Fibonacci	711.33	723.46	730.96	743.08	755.21	762.71	774.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	620.50	648.75	702.00	730.25	783.50	811.75	865.00
Camarilla	732.84	740.31	747.78	755.25	762.72	770.19	777.66
Woodie	633.00	655.00	714.50	736.50	796.00	818.00	877.50
Fibonacci	648.75	679.88	699.12	730.25	761.38	780.62	811.75

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):	46.67
MACD (12,26,9):	5.0900
Directional Movement:	-2.96
AROON (14):	14.29
DEMA (21):	733.93
Parabolic SAR (0,02-0,02-0,2):	758.97
Elder Ray (13):	-4.87
Super Trend (3,10):	700.37
Zig ZAG (10):	717.75
VORTEX (21):	1.0700
Stochastique (14,3,5):	45.69
TEMA (21):	735.77
Williams %R (14):	-73.49
Chande Momentum Oscillator (20):	-4.50
Repulse (5,40,3):	-3.5900
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	7.67

MA7:	735.64
MA20:	724.21
MA50:	724.48
MA100:	697.35
MAexp7:	731.24
MAexp20:	727.40
MAexp50:	718.14
MAexp100:	704.03
Price / MA7:	-2.30%
Price / MA20:	-0.75%
Price / MA50:	-0.79%
Price / MA100:	+3.07%
Price / MAexp7:	-1.71%
Price / MAexp20:	-1.19%
Price / MAexp50:	+0.08%
Price / MAexp100:	+2.09%

Quotes : - 10 min delayed data - CBOT Futures

News

The latest news and videos published on WHEAT at the time of the analysis were as follows:

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

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