We discuss the Minneapolis Hard Red Spring wheat December contract highlighting the current trading conditions where the price finds support at the green 50-day moving average after facing resistance at the purple 200-day moving average earlier in October.
Video Timestamps
00:00 Introduction and Market Overview
00:12 Analyzing the Daily Nearby Charts
00:24 Support and Resistance Levels
00:45 Current Market Conditions
01:45 Trading Strategies and Opportunities
02:26 Potential Patterns and Predictions
03:31 Planning and Risk Management
03:59 Conclusion and Final Thoughts
Daily Nearby Chart (DEC24)
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