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Is the Wheat Market Signalling a Deeper Drop?

The Chicago wheat futures $ZW_F ( 0.0% ) $WEAT ( ▲ 0.05% ) charts are telling a story that daily headlines often miss.

With the monthly chart showing a looming "death cross" and a clearly developing head-and-shoulders pattern across weekly and daily timeframes, the technicals point to a retest of the $4.80–$4.90 levels.

In a market crowded with conflicting opinions and "coffee shop chatter," it is easy to lose focus.

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I strip away the news noise to provide a strictly data-driven view of market trends, support, and resistance.

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