December soft red winter wheat (ZWZ26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for the December soft red winter wheat futures that prices are now trending down and have just hit a four-week low. The trend is the bears’ friend. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down.
