Grano Analisi Tecnica | Grano Trading: 2021-08-05 | IFCM Italy
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Grano Analisi Tecnica - Grano Trading: 2021-08-05

Grano Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sopra 743.6

Buy Stop

Sotto 668.6

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articoli 2472
IndicatorSignal
RSI Neutro
MACD Buy
Donchian Channel Neutro
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Grano Chart Analysis

Grano Chart Analysis

Grano Analisi Tecnica

The #C-Wheat technical analysis of the price chart on daily timeframe shows #C-Wheat, Daily is retracing higher above the 200-day moving average MA(200) which is rising still. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 743.6. A pending order to buy can be placed above that level. The stop loss can be placed below 668.6. After placing the order, the stop loss is to be moved every day to the next fractal low, 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

The downgrade of US and Canadian spring wheat crop estimates supports wheat price. Will the wheat price continue rebounding?

Spring wheat ratings in Canada and the US keep dropping and so do yield prospects. The US Department of Agriculture estimates hard red spring domestic production at 305 million bushels (8.3 Million tons), a 42% decrease from last year. For durum wheat, demand rationing will be necessary as the potential sizes of the Canadian and US crops get smaller and smaller. At the same time several private estimates of the Russian wheat crop have been cut sharply to a 76-78 million tons range since late last week. Expectations of lower global wheat supply are bullish for wheat price.

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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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