Grano Analisi Tecnica | Grano Trading: 2021-05-14 | IFCM Italy
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Grano Analisi Tecnica - Grano Trading: 2021-05-14

Grano Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 689.8

Sell Stop

Sopra 732.6

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articoli 2474
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutro
Parabolic SAR Sell

Grano Chart Analysis

Grano Chart Analysis

Grano Analisi Tecnica

The #C-WHEAT technical analysis of the price chart in 4-hour timeframe shows the #C-WHEAT,H4 is falling toward the 200-period moving average MA(200) which is rising still. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 689.8. A pending order to sell can be placed below that level. The stop loss can be placed above 732.6. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale Materie Prime - Grano

Wheat price decline continues despite lower US ending stock forecast in May WASDE. Will the wheat price continue declining?

The May 2021 World Agricultural Supply and Demand Estimates (WASDE) report indicated smaller supplies, higher US domestic use, lower exports and reduced stocks for 2021/22 marketing year. Domestic use is expected to rise 6% due to higher feed, residual and food use. The annual feed and residual use is projected at 170 million bushels – the highest level in eight years, food use is forecast to rise another 3 million bushels to 963 million bushels . And wheat ending stocks are expected to decline 11% to 774 million bushels, a seven-year low. All these estimates mean higher demand which is bullish for price. However the technical setup is bearish for wheat and price is under pressure from technical selling.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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