December soft red winter wheat futures (ZWZ26) present a selling opportunity on more price weakness.
See on the daily bar chart for December soft red winter wheat futures that prices are starting to trend down and a bearish broadening pattern has developed. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has also produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. Both lines are also trending lower.
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See on the daily bar chart for December soft red winter wheat futures that prices are starting to trend down and a bearish broadening pattern has developed. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has also produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. Both lines are also trending lower.
Arabica Coffee Prices Slump as Dryness in Brazil Aids the Coffee Harvest
Cocoa Prices Surge on Ghana Crop Worries
Wheat, Soybean, and Corn Prices Fall to Start a New Month. What to Watch Next.
#prices #soft
3 months ago
