Wheat Futures

26 thg 10

There are a few potential bearish momentum indicators present in the chart that suggest the price of Wheat Futures may continue to decline.

• The price of Wheat Futures dipped below its middle moving average. This could indicate bearish momentum, especially if the price stays below this line.
  
• Higher volume accompanied the recent drop in the price of Wheat Futures. This could signal stronger selling pressure.
  
• The price of Wheat Futures recently touched the upper Bollinger Band but has since retraced downward toward the lower half of the band. This suggests that the recent uptrend may be losing momentum or consolidating.
  
• The trend for the price of Wheat Futures appears to have been mostly downwards, with a few rallies. The recent rejection near the moving average and a return to lower levels could suggest that the downtrend may continue unless a strong support level is found.