Get long wheat?

Discussion in 'Commodity Futures' started by Pekelo, Feb 10, 2011.

  1. Today's crop report is very bearish, but wheat has been dropped so many days already. I don't know what this call for. :D lucky?
     
    #11     Mar 10, 2011
  2. ================
    Good point about'' wheat dropping for many days''..............;
    and the long term trend is still good Up-trend.

    Problem perhaps for the medium trend bulls follows;
    50 day moving average is still downtrending/bearish,
    50 day price, 60 day candle chart is bearish/downtrending.

    Close today is up a bit, so have to respect that[not a prediction];
    but frankly with 50 day moving average still bearish,
    if i had to buy something ,probably be wheatland..... not wheat.

    As far as fundamentals,/ funny;
    but chickens like milo about as well as wheat,
    many wild birds like milo , or sunflowers better than wheat.

    :D
     
    #12     Mar 14, 2011