Wheat futures update - 12 November 2024

Macro Updates Nov 12, 2024

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

Wheat futures - testing the 80 day cycle trough zone.

We last analysed Wheat on 15 October when price was at 581 and we were looking for an 80 day cycle trough zone circa 563 to 568 in late October.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.