Wheat Futures
Long

Is Wheat ZW1 Ready for a Long Trade? Key Demand Area Insights

70
The futures of Wheat ZW1! are reaching a weekly demand zone, where we observe non-commercials going long and retail traders holding short positions. This could present a potential setup for a long trade. Note: There is another demand area below, but the positions of commercials are less clear compared to non-commercials and retail traders.

Always manage your risk carefully if you agree with my analysis, and be sure to develop your own trading plan.

✅ Please share your thoughts about ZW1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.

Disclaimer

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.