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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (52870)2/25/2022 2:36:14 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Read Replies (2) | Respond to of 97910
 
Wheat may have made a multi-year high this week at the $934.75 highs this week. The pattern suggests a drop to $577.25 from here. A break below the 55-EMA would cement the deal, IMO.



To: Sun Tzu who wrote (52870)2/25/2022 3:03:35 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Respond to of 97910
 
Here is the weekly Wheat chart. While it does not show today's action, you can see the up-channel from the 2021 lows remains intact. If price remains inside that channel, the uptrend should continue. Below maybe $7.30, and it's likely over.

While the indicators are curling up from yesterday's action, they may be turning back down after today's:



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