Commodity Futures Weekly Newsletter- For the week of June 30th, 2025
Reverse Head & Shoulders met targets.
Get notified via Email Distribution! If you're interested in signing up to receive notifications of new newsletters, use the button below to sign up!
To view today's full post as a PDF, please use the button below:
A publication by the Research Team at Capital Trading Group: 800-238-2610
Grains
Wheat Futures
Wheat Futures react lower after short-term reversal pattern.
Wheat Futures have been moving lower again after a sharp recovery through 569’2 to 594. With RSI at 45.91, below 50, bearish sentiment is back in the lead.
A Reverse Head & Shoulders chart pattern met targets
After a potential Reverse or Inverse Head & Shoulders chart pattern became active by breaking the ‘neckline‘ of the pattern, near Resistance at 569’2, we have met the short-term target for the pattern at a level where the distance from the lower ’head’ of the pattern to the neckline equals the distance traveled above the neckline, peaking at 594. Thereafter, a ’retouch’ of the neckline Support becomes due in Technical Analysis of chart patterns. This has now happened. If Wheat Futures fail to hold Support, now beneath the neckline, the pattern would be complete and a test of 506’2 would follow.
Conclusion
With the RSI below 50, at 45.91, sentiment has turned back Bearish. This coupled with the inability to extend the upward price action above 594 to challenge Upper Resistance has the Wheat market looking to next challenge Support in the 525 area. A Daily close below 525 would lead to a test of the 2025 low at 506’2.
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
options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any
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.