MONTHLY HISTOGRAM SHIFT -- CLOSING UP TO BREAK SOON.
SEEDED LONG (long term) 628.0
TAYOR. Safeguard capital always.
----------------- RELATED NEWS:
WSJ ARTICLE:
Severe Drought Stunts Great Plains Wheat Crops Harvest in nation’s breadbasket forecast to be the worst in 60-plus years
June 17, 2023 10:09 am ET
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We're back at 700 level, first time since April 2023.
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MACRO VIEW: MONTHLY DATA
This should be a no-brainer. SEED, SOW, HARVEST.
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CHRISTMAS Season will be generous for WHEAT holders.
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MICRO VIEW: 2H UPSIDE CONTINUATION after minor correction.
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4H UPDATE: WHEAT did a "back-to-tarmac" event before flight. The correction was a last-chance call before a longer-term price trend shift.
Consistent higher low creation on 4h.
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MACRO VIEW: WEEKLY DATA update:
Wheat intended direction is firm. UPSIDE.
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UNITED NATIONS/MOSCOW, July 17 (Reuters) - A deal allowing the safe Black Sea export of Ukraine's grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would "strike a blow to people in need everywhere."
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Congrats holders, wheat at 725 now.
More price growth incoming.
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4H update:
UPSIDE continuation in order.
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4H Update: BUY THE DIP.
RE-SEED for upside continuation.
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Daily data update:
Back to strong base. Expect some significant bounce from here on.
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4H Higher Lows + DAILY trend shift.
TAYOR.
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will attempt upside reversal.
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Support is firming up for WHEAT at 585-590 range. An ascend attempt is expected from hereon.
TAYOR.
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Monthly data update:
We got a price shift already on the monthly metrics, first time in ages. This is a huge hint already of things to come.
A reversal to upside is in play already.
TAYOR.
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We got a Breakout based on our weekly metrics.
Expect more series of price growth from the current range.
Long term upside reversal has commenced.
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LONG TERM DATA metrics is hinting of a MASSIVE Price growth in the next few months / years.
TAYOR.
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so far so good.
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We've added almost 10% from our spot. More price growth is expected.
TAYOR.
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It has risen more -- as expected.
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More ascend awaits WHEAT based on the recent metrics.
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WHAT A BEAUTIFUL AND BOUNTIFUL HARVEST.
Here's our latest chart update: You can check our May 1 post for reference.