We present an analysis of Chicago Wheat Futures as of January 18, 2024.
The weekly chart shows a bearish trend, with prices below the 200-week and 50-week moving averages.
Video Analysis and Summary
00:00 Introduction to Chicago Wheat Futures
00:11 Weekly Chart Analysis
00:37 Support and Resistance Levels
01:41 Daily Chart Insights
02:04 Trend Lines and Patterns
03:27 Bullish and Bearish Sentiments
04:09 Conclusion and Final Thoughts
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