May 27, 2025
Commodity Futures Weekly Newsletter- For the week of May 26th, 2025
Wheat futures remain below resistance after defense of 500 level support.
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Grains
Wheat Futures
Wheat Futures hold Support.
Wheat Futures remain below Resistance at the April 2025 high of 569’2 after a successful defense of support of 500.
Resistance at 569’2
The next step lower to 500 and below would be achieved by witnessing a break of last week’s low of 506’02. To keep the series of lower lows and lower highs intact, Resistance at 569’2 must remain intact.
Bearish Candlestick Pattern negated
The Dark Cloud Cover pattern spotted last week was quickly negated the following day after breaching the high of the pattern. The potential reversal and continuation pattern lower did not lead to the potential follow-through lower. Though meeting the criteria, as the patterns name suggests, Cloud patterns work better near chart highs, as in the sky, then nearer to chart lows.
Conclusion
Still favor 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 no longer below 50, at 54.19, sentiment is not immediately Bearish. If RSI manages to again drop below 50, it will again rekindle the next attempt to break support.
For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com.
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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investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
