June 2, 2025
Commodity Futures Weekly Newsletter- For the week of June 2nd, 2025
Wheat futures make move towards support while ending the week nearly unchanged.
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Grains
Wheat Futures
Wheat Futures to again move toward Support.
Wheat Futures remain below Resistance at the April 2025 high of 569’2 after a successful defense of support of 500, closing the week nearly unchanged at 533’2.
Resistance at 569’2
The next step lower to 500 and below would be achieved by witnessing a break of 506’02. To keep the series of lower lows and lower highs in place, Resistance at 569’2 must remain intact.
Conclusion
Still favoring further downside price movement to follow to below 500, with 425 as the next Support while Resistance at 569’2 remains in place. Use breaks below 506’2 as confirmation. With the RSI below 50, at 48.41, sentiment is Bearish again rekindling the next attempt to break support.
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Thank you!
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be
relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and
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