December 18, 2014

Wheat Commentary

Posted 12/18/2014

Wheat finished higher today as KC finished weaker than Chicago but both did manage to finish in the green. The chart action today did have a sort of topping action as we did place a DOJI on the chart. This is when we have a major push higher only to finish right back where we started. We saw a similar chart pattern on Tuesday only to find a strong round of buying and since Friday’s are trend days we could see some buying here tomorrow…

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    MiddayWeather-Vane

    Allendale Advisory Contributor:

    Cordon Sroka

    Cordon Sroka

    Cordon started with Allendale in 2010 after graduating from the University of Wisconsin at Platteville with a degree in finance. His interest in the commodities was sparked after taking a class on technical analysis that focused on the futures markets.

     

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