We analyze the Euronext/MATIF European Milling Wheat chart using the March 2025 contract price.
This analysis can be viewed on our YouTube channel as well.
Weekly Chart
Analysis of Current Trends:
Euronext Matif milling wheat March 2025 contract shows a bullish trend.
Trading above the 50-week moving average, testing September and October highs.
200-week moving average overhead suggests potential resistance near the 260 mark.
Key Technical Indicators:
Anchored Volume Weighted Average Price (VWAP) at $250–$251 likely to attract selling.
Fibonacci retracement from the March 2022 high to the March 2024 low indicates resistance at $248.
Potential for higher targets at $285 and $316 if highs above $260 are breached.
Daily Chart
Short-Term Predictions:
Price may pull back to the 50-week moving average to consolidate before moving higher.
Gap-fill on the daily chart is possible before renewed upward momentum.
Long-Term Sentiment:
The focus remains on price action rather than external market factors.
Traders should monitor resistance levels and manage risk appropriately.
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