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CBOT Wheat - The next Big Bull?

This is a discussion on CBOT Wheat - The next Big Bull? within the Grains forums, part of the Commodities category; Originally Posted by DaveT 350 Target achieved. Hello, I have had a look at the Wheat chart and still looks ...

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Old Dec 12, 2005, 7:41pm   #9
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Wheat
Quote:
Originally Posted by DaveT
350 Target achieved.

Hello,

I have had a look at the Wheat chart and still looks to be getting battered. Seems to be quite a bit of blood, but I like blood.

Correct me if you think Im wrong, but Wheat looks like it will make a profitable upward move (in the short term).
Im waiting for a trend change (CLose above 20 - 27 moving average).
Commercials are aggressive buyers too!

WHats your view?

Regards
Nav
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Old Dec 13, 2005, 1:21pm   #10
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The Wheat fundamentals are more supportive than for the other grains at present. The Kansas/CBOT spread has continued to widen too. Would not rule out a retest of 290's but a break up would IMO be worth buying.
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Old Feb 9, 2008, 5:05am   #11
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is anyone else following this ?..has to be said DaveT is a legend ...did take 3 years though !
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Old May 30, 2008, 12:29pm   #12
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Is this the start of a new up trend?
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