In this update dated October 10, 2024, Trent Klarenbach from Klarenbach Research analyzes the Kansas City Hard Red Winter wheat market.
The focus is on recent market movements, with the wheat trading at $6.13. Klarenbach discusses various technical indicators including trend lines, the 50-week moving average, and the 200-week moving average, which has seen a price test.
Video Timestamps
00:00 Introduction and Update Overview
00:27 Kansas City Wheat Futures Analysis
00:37 Trend Lines and Market Movements
01:21 Moving Averages and Price Levels
02:41 Daily Chart Insights
03:11 Fibonacci Retracement and Future Predictions
04:43 Conclusion and Final Thoughts
Weekly Chart
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