Technical Analysis – Wheat futures bounce from 1-month lows but could slow down
Wheat futures for March delivery bounced higher after posting the biggest daily fall since August on January 12 and eventually reaching a one-month low of 4.1215 on January 16. Technical indicators send bearish signals for the market. The RSI is a breath below 50 and is pointing to the downside, while the bearish cross between the 50-period simple moving average and the […]