Wheat Poised for a Seasonal Breakout – Key TechnicalsWheat Futures Update –
Focus: Spring Setup + Multi-Timeframe Convergence
📈 RSI
RSI on both 1H and 4H charts bounced from oversold in March and continues to rise. This shows improving momentum with no signs of overbought stress yet. Bullish divergence at the lows confirms the current rebound.
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Contract highlights
Wheat / ZWN2025 / ZW1! - Price action at weekly supportWheat futures have had an interesting short-term price action character change, with a Higher-High printing on the H1. The price action is happening on a weekly level that has formed over the last year. Seasonality also favours wheat higher in the short term, although that is not the basis of this t
Will Dry Soil Lift Wheat's Price?Global wheat markets are currently experiencing significant attention as traders and analysts weigh various factors influencing their future price trajectory. Recent activity, particularly in key futures markets, suggests a growing consensus towards potential upward price movements. While numerous e
Wheat Crab Tell us about Talks.Wheat futures remain in a consolidation phase as market participants closely monitor developments in Russia-Ukraine negotiations, which could significantly influence global grain supply dynamics.
Meanwhile, technical analysis highlights a potential bullish signal, with the Crab harmonic pattern su
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for Chicago SRW Wheat Futures (Sep 2023) is Sep 14, 2023.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Chicago SRW Wheat Futures (Sep 2023) before Sep 14, 2023.