Hello traders. Let’s dive into the Wheat Elliott wave analysis, focusing on the bullish sequence that began in March 2024. We’ll revisit our traders’ last opportunity and explore the next one. Wheat (ZW_F) is one of the 78 instruments we analyze and share with members of www.elliottwave-forecast.com. This commodity belongs to group 2, alongside 25 others. Wheat (ZW_F) completed the wave (II) supercycle pullback in March 2024. Since then, buyers have taken over, riding wave (III), which has just begun. Currently, we are in wave (3) of ((1)) of I of (III). Clearly, wave (III) has just started, implying a potential long-term bullish cycle for many years. While maintaining the long-term bullish trend, we focus on the current trend’s degree – wave (3) of the intermediate degree. Wheat is now in

4 issues that Michael Burry and Warren Buffett seeing that we aren’t1. China’s economic meltdown:Traders worry that weakness in the world’s second largest economy could affect the global outlook. China’s consumer spending, factory production and investment in fixed assets all slowed further in July from a year ago.2. Russia and Ukraine’s impact on inflation:Heightened geopolitical tensions threaten to raise food and oil prices across the globe. Russia’s invasion of Ukraine continues to stoke fears of increased commodity prices, global economic instability and uncertainty around security.3. US economy is slowing down:US economy is still showing signs of a slowdown. Shoppers have tightened their purse strings in the face of higher prices and borrowing costs, focusing on paying for necessitie

Russia-Ukraine War entered the second year. Most of the commodities skyrocketed after the invasion had returned to or below the pre-war level. Energy is the market focus but the price dropped below the pre-war level and might not have enough geopolitical moment to rebound unless the war fully escalates and spreads to other countries. The weakness of wheat price might reverse if Russia refuse to renew the export deal.Energy products are the main focus in this war since Russia is the world’s key energy exporter. NYMEX WTI crude oil $Light Crude Oil - main 2301(CLmain)$ price started from USD92.10 as of the close of 23 Feb 2022, and reached an intraday high of USD130.5 per barrel in March. NYMEX Natural gas

This economic and environmental progress has been under attack since the start of the Russian invasion, setting back hopes for a green and sustainable economy in Ukraine.The Statista designed a chart highlighting the Raw Materals( Energy, Grains, Metals) prices changes since January 2022, of which are signigicant impact from the Russian war with Ukraine is significant .Raw Materials Fetch Premium Prices:Russia and Ukraine have a significant influence on the world economy due to their role as suppliers of a number of essential raw materials. These include fossil fuels, agricultural commodities as well as several metals.The above chart shows Coal price&n

Hard Red Winter Wheat: Towards Bread Shortages in 2023?July 10, 2022ByEWF HelgiHard Red Winter Wheat is one of the grain commodities, along with soft red wheat, corn, soybeans and others. Within the wheat family, first of all, there is a fundamental difference between two wheat types. Soft wheat is low in protein and is basically used in cakes in pastries. By contrast, hard wheat has a higher content of protein and it founds itself in breads and hard baked goods. Some time ago, trading of hard wheat took place at Kansas City Board of Trade. Then, it moved to Chicago. One can trade hard wheat futures at Chicago Board of Trade under the ticker $KE. Hereby, the contract size is 5’000 bushels (300’000 pounds) each and the prices are in Dollars US per 100 bushel.In thelast article from Septembe