Wheat is falling as Ukraine starts exporting it

4 авг. 2022 г.

Nice short can be seen on Wheat.

If you look at the daily timeframe we are in strong downtrend and keep squeezing to the level.

Ukraine started exporting its grain again and first ship already sailed out of the port. One ship won't change much for the world, but fundamentally it's very important news for the market.

That's why we can expect more fall in the future.
Locally we are nicely squeezing to the daily lows, and after squeezing on 5m timeframe it would be nice to open short

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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones