In wheat today, there was an impulsive increase of approximately 4%. However, indications suggest that this surge may lack sustainability.
When considering the price in relation to standard deviations, two noteworthy observations emerge: a zone of high liquidity aligns almost precisely with the range of a double standard deviation.
Nevertheless, a substantial amount of sell-side liquidity awaits below, ready to be tapped.
For these reasons, we hold a mid-term bearish outlook on wheat.
The outlined trading idea is presented as a suggestion for a specific trade opportunity, featuring a risk-reward ratio exceeding 2.6:1.
When considering the price in relation to standard deviations, two noteworthy observations emerge: a zone of high liquidity aligns almost precisely with the range of a double standard deviation.
Nevertheless, a substantial amount of sell-side liquidity awaits below, ready to be tapped.
For these reasons, we hold a mid-term bearish outlook on wheat.
The outlined trading idea is presented as a suggestion for a specific trade opportunity, featuring a risk-reward ratio exceeding 2.6:1.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.