Wheat futures (ZW) have cleared a zone of resistance with a 4.6% one day move. As tracked by the WEAT ETF, current price seems to be heading for a retest of the 200 Daily SMA (currently at $4.90). The 200 Daily SMA has reversed previous attempts to break out in October 2024 and February 2025. Will third time be different?
Note that this ETF reached a high over $12 in 2022 when the Russian/Ukrainian war started.
Note that this ETF reached a high over $12 in 2022 when the Russian/Ukrainian war started.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.