#Wheat = Long Term Forecast = 02.08.2022 #ZW1 #WheatFutures @ft @cnbc @markets @marketwatch #wheatprices $wheat

I thought it would not happen, but it did today. After more than 10 years. Wheat futures registered a technical event that is likely to have an impact on the commodity path for at least a year, perhaps more.

In today’s Long Term Forecast, I will traditionally evaluate the candles that ZW1 formed on multiple frames, do a deep dive into some technical analysis and statistics, and complete the forecast using the theories of Messrs. Elliott and Fibonacci.

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