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Jim Wyckoff

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Wheat bulls making a move

December 8, 2023 by Jim Wyckoff

March soft red winter wheat futures this week hit a more-than-three-month high and have moved well up from the recent low. The bulls have momentum to suggest a market bottom is finally in place. Bulls are now confident that SRW wheat prices can now trade at least sideways, if not sideways to higher, in the near term. See the support and resistance lines on the chart. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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