Wheat

July Contract :

  • Expected price range in Dec-Jan $ 700 to 850.
  • Expected price range in July : $ 710 to 850.

Trades : (See trade recommendation notes at end)

Short term July Contract:  long, safety margin satisfied.

Long term : July Contract: long, safety margin satisfied.

Prior to making a trade make certain the prevailing trend is in the direction of your trade.

Current price chart formation :

Trend UP, Resistance uncertain, support near 800. Wait for trend to be in direction of the trade.

July Wheat Contract :

The probability of contract high prices occurring in December is 0 percent. The probability of contract low prices occurring in December is 0 percent The probability of contract high prices occurring in January is 11 percent. The probability of contract low prices occurring in January is 0 percent. For the July Contract months having highest probability of contract highs are September, October, January and March. Months having highest probability of contract lows are February, April, June, July, and September.

For the December Contract months having highest probability of contract highs are January, April, May.  Months having highest probability of contract lows are April, August, September, November, and December.