Updated Daily and Weekly Technicals of Wheat (with implication for Wheat ETFs): 17 February 2020

Updated Daily and Weekly Technicals of Wheat (with implication for Wheat ETFs):

17 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Daily and Weekly Technicals of Wheat.
The locust plaque (400,000 million locusts / 400 billion locusts) affecting East Africa, West Asia, South Asia and an impending risk to China will cause crop supplies to further tighten worldwide. This is in addition to the already unfriendly heat waves and forest fires in Southern Hemisphere. Based on technicals, I am hyper bullish on grains, rices, crops, wheat and food. Expect a super soaring rally on wheat and wheat ETFs such as those listed in the US markets.

The Donovan Norfolk Technical Rating:
Bullish

All Past Fulgent Genetics Analyses:
https://donovan-ang.blogspot.com/search/label/Fulgent%20Genetics

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