Saturday, October 30, 2021

#Wheat Review $WEAT #ZW_F

Wheat Review

Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Wheat's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

I have not done a detail discussion about wheat on the website. It's been mostly individual conversations about wheat's potential. I realize some know, or have some inclination about what could happen. A reversion to a historical mean could be powerful. They usually come by force, and are difficult to explain through fundamentals.

My Matrix tracks the major grain markets and recognizes where money is flowing. Corn is the leader, but its leadership is waning. Wheat becomes the leadership when corn/wheat falls below 0. This is not opinion but rather an exercise in mathematics.

Corn has been the leader since 4/01/21.

Grain Intermarket Trends

The computer tracks the Wheat ETN and the continuous wheat contract. ETN is updated daily and back history is compiled by the CC.

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