WHEAT agriculture commodity will always be one of the most significant for the survival of the human race. Production, export, and import have been under heavy hits for the past 3 years, especially the past 11 months during the invasion of Ukraine. Ukraine is a major producer and exporter, as we follow the conflict we can easily determine that plays a significant factor in price speculations and it has been very fruitful for day threaders and short-term traders. On the 1hr chart, we can study 2 findings, resistance level at 800' an uptrend channel with a 50$-60$ volatility range. Bulls can pursue reaching that resistance and hope for a break.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.