Several factors can contribute to higher grain prices
Technical Analysis Summary Grain Index: Buy
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Buy | |
| MA(200) | Neutral | |
| Fractals | Neutral | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutral |
Chart Analysis
On the daily timeframe, Grain_4: D1 moved from a downtrend to an uptrend. Now it is in a triangle, which must be breached up before opening a buy position. A number of indicators of technical analysis formed signals for a further increase. We do not exclude a bullish movement if Grain_4 rises above the last upper fractal and the upper Bollinger line: 365. This level can be used as an entry point. We can set a stop loss below the Parabolic signal, the lower Bollinger line and the last 2 lower fractals: 350. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price meets the stop level (350) without activating the order (365), it is recommended to delete the order: market sustains internal changes that have not been taken into account.
Fundamental Analysis of -
In this review, we propose to consider the “& Grain_4” personal composite instrument (PCI). It reflects the price dynamics of a portfolio of 4 grain exchange futures. Will Grain_4 quotes grow?
Several factors at once can contribute to the growth in grain prices. A possible softening of US-Chinese trade disputes would encourage China’s purchase of grain from the US. The rise in world oil prices causes higher fuel prices for tractors and combine-harvesters, which increases the farmers' expenses and the net cost of grain. Removing quarantine in the world major countries contributes to the restoration of world grain trade and enhances the activity of buyers. Since the Grain_4 personal composite instrument is a portfolio of 4 different instruments, technical analysis can be an important factor in predicting its dynamics.