Wheat:
Price declined some 18% during the past 4 weeks which we did not anticipate as we had a wrong bias initially. We are still unable to figure out where to go from here with our bias and prefer to have a further wait-and-see attitude rather than trying to catch a falling knife. Price will, at some given time, make a corrective move up before it continues it bear move and we will wait for that move up to see whether we can detect a sell opportunity. Patience for now.
Price declined some 18% during the past 4 weeks which we did not anticipate as we had a wrong bias initially. We are still unable to figure out where to go from here with our bias and prefer to have a further wait-and-see attitude rather than trying to catch a falling knife. Price will, at some given time, make a corrective move up before it continues it bear move and we will wait for that move up to see whether we can detect a sell opportunity. Patience for now.