November 29, 2024
European milling wheat is unfolding just as we outlined in last week’s analysis. In this update, we revisit the EURONEXT Matif Futures Contract ($EBM1!), highlighting the breakout above the 50-week moving average and the pullback we anticipated for a retest. Our daily chart analysis shows support developing near the 200-day moving average, which could pave the way for a rally toward key resistance levels as outlined in our potential price path.
