#Wheat = Monthly Analysis + Long Term Forecast = 08.10.2022 #ZW1 #WheatFutures #wheatprices $wheat $weat #oatt @ft @marketwatch @markets @forbes

Wheat futures are flagging, signaling a possible substantial loss in the next few quarters. When this flag is broken down, wheat will decline towards the targeted area. However, it is not everything.

In today’s analysis, 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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Previous forecast:
https://investingangles.com/2022/09/03/wheat-monthly-analysis-long-term-forecast-03-09-2022-zw1-wheatfutures-ft-cnbc-markets-marketwatch-wheatprices-wheat/

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