Investing
Haven
No Result
View All Result
Sunday, August 7, 2022
  • Login
  • Premium Services & Login
  • 2022 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
Crypto investing >>
Investing
Haven
  • Premium Services & Login
  • 2022 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
No Result
View All Result
InvestingHaven
No Result
View All Result

Is The Price Of Wheat Set To Bounce?

by Taki Tsaklanos
July 31, 2022
in Commodities & Gold
0
Tags: 3WHLLWEAsymbolsWEAT
wheat investing
1.9k
VIEWS
Share on FacebookShare on Twitter

Most investors tend to believe that we are in a secular bull market in commodities. This is one of the fallacies that the market in 2022 created. It is certainly true that some commodities look good but the ‘commodities bull market’ perception was created between February 10th and March 6th. The commodities boom was an anomaly.  Too much volatility in the rate of inflation is not good for commodities, contrary to the belief of many. Also, note that this inflation indicator was forecasting a lower inflation rate, about a month ago, it is confirmed now. This suggests a bifurcated commodities market. That’s why there is only a handful of commodities that look good, one of them is wheat.

On a macro level we have to flash a warning about the market in 2022, but more so commodities in 2022. While commodities tend to move in the opposite direction of the US Dollar, it was certainly a very different market in 2022.

Again, 2022 was an anomaly. Whatever happened in the period April 5th till July 7th was an anomaly and cannot be considered a market trend, on the contrary.

We explained this in great detail in 2022 Market Anomaly: Can Commodities And The US Dollar Rise (and Top) Concurrently?

That said, if we look at the commodities space we see a few candidates to survive and thrive.

No, it’s certainly NOT crude oil. We strongly recommend readers to check our Momentum Investing alert sent on June 12th to members of the research service: How To Know When The Inflation Monster Is Priced In? The turning points that were printed in the first half of 2022 are telling. The bull market in crude oil is over, is what these turning points are telling us.

Wheat, unexpectedly, respected support.

In fact, wheat respected multi-year support.

It could not have been more clear, the long term chart of wheat is really juicy.

8 USD in WEAT, the Wheat ETF, was horizontal and rising support. It did hold, and it’s remarkable.

There are different ways to play wheat, the most obvious is holding an ETF like WEAT. Even a 2x leveraged ETF like LWEA or 3X ETF like 3WHL as valid candidates to play the wheat trend. We do not recommend playing stocks that have business activities in the wheat sector.

While we believe that the uptrend in wheat can continue, we are more convinced that a much stronger secular trend is about to resume. We describe this in great detail in today Momentum Investing alert, a must read for investors that want to capitalize on the biggest trend of this decade and that want the market to work for them (not the other way around).

wheat price forecast

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Receive top notch forecasts for free.

*We hate spam as you do.

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Receive top notch forecasts for free.

*We hate spam as you do.

Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

bitcoin icon

Bitcoin’s Most Trendless Period In History But For How Long

August 7, 2022
crude oil forecast

An Epic Breakdown In Crude Oil

August 7, 2022
semiconductor stocks

This Semiconductors Segment Is Outperforming The Market… And Will Continue To Do So

July 31, 2022
lithium mining stocks

The Only Commodity Not Impacted In 2022, Currently Right Below ATH

July 31, 2022

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • Premium Services & Login
  • 2022 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026

Site Navigation

  • RSS Feed
  • About us
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2022 Investing Haven

No Result
View All Result
  • Premium Services & Login
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2022 Forecasts
  • Markets & Stocks
  • Commodities & Gold
  • Crypto Markets
  • Mission 2026

Copyright © 2022 Investing Haven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In