Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
In the past week of trading, I feel that the most impressive chart in the commodity markets was the July Wheat Futures.
The Wheat has been under pressure for more months than I can remember. The selling in the market has been justifiable from a supply perspective after global yields more than met expectations for global demand. An enormous crop was seen in parts of Europe, which has been the biggest weight on the overall prices. Continue reading "Chart of the week - Wheat"