I'm not sure about news have not read anything about them, I did
note the other day that Wheat itself almost hit a symmetry move
conservative target from the wedge see image note this chart is of
yesterday's prices still.
The WEAT ETF itself never did break out of the wedge, it didn't
mirror the commodity very well this time, and that happens a lot
with these commodity ETF's. This pattern may still play out
but may need more time to develop and chop around, even make a new
low.
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Grains
Posted by dakotadj on 12th of Aug 2016 at 12:36 pm
Is anyone aware of any negative news on the grains causing them to sell off?
I'm not sure about news
Posted by matt on 12th of Aug 2016 at 01:04 pm
I'm not sure about news have not read anything about them, I did note the other day that Wheat itself almost hit a symmetry move conservative target from the wedge see image note this chart is of yesterday's prices still.
The WEAT ETF itself never did break out of the wedge, it didn't mirror the commodity very well this time, and that happens a lot with these commodity ETF's. This pattern may still play out but may need more time to develop and chop around, even make a new low.