European Milling Wheat Futures Update | October 28, 2024

Headshot of Trent Klarenbach, founder of Klarenbach Research
Trent Klarenbach
October 28, 2024
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November 1, 2024
In this analysis, we explore the technical landscape of the Euronext MATIF Milling Wheat Futures. Currently trading at $217, prices are below both the 50-week and 200-week moving averages, signaling a bearish trend on the weekly chart. Key levels to watch include $235 for a potential shift in momentum, while a break below $215 on the daily chart could lead to further downside toward $200. Review our October 15, 2024 Milling Wheat Futures Update: https://www.youtube.com/watch?v=LilY0pwUq3k&t=0s