Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Wheat ETF Prices Breaking Higher On Fresh Buying Interest

Published 12/01/2014, 01:39 AM
Updated 07/09/2023, 06:31 AM

Prices of the Teucrium Wheat ETF (NYSE:WEAT) are breaking higher in fresh buying interest, with the focus now turning to congestion around USD13.00. Overbought daily studies suggest the possibility of consolidation around here, but improving weekly and monthly studies see still higher levels in the coming weeks. A break will open up the USD13.30, (38.2%) retracement of the May-October fall, with USD13.49 thereafter. Support into limited losses is down to USD12.00. An unexpected break of here will delay gains, and signal a prolonged consolidation phase, supported at the USD11.67 low of 20 November.

Investors are long.

WEAT Weekly

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.