Loading ...WEAT
Seems like a trading opportunity coming soon when price tags both MA(200), MA(300) and charted Parabola channel on this weekly – possibly around timeframe: years’ End and 2023-Q1. I expect the vertical FIB line set @ 2024-Q1 as a possible intermediate high. Shall see going forward. Shall see in due time.
Although I expect all derivative trades to go ZERO soon . . . consider this chart as your CALL to get the physical. For making your own bread and good for barter 😉
And the whole chart including Indicators.
IMO
Thanks, Nightingale. A good reminder of the food shortages looming just over the horizon.
Wife complained yesterday: food prices going UP and some items out of stock. Meanwhile, enjoyed a grass fed steak last night for my birthday dinner. Most likely won’t be doing that again next year – prices will make it out of reach.
A good play on WEAT. April $9 calls only .25 – 30 and April $9 calls at .50-.55
“making your own bread”
Been doing that for 30 years now.
Have 20 lbs of bread flour in storage, but my supply on hand is down to 6 months and local restaurant supply store near me says they’ve been “out of stock” for 3 months. Just asked 3 days ago.
20# was $7 when I bought some 2yrs ago. $12 or more now, if you can find it. I can get by on the chain store 5lbers, but they are pricey compared to bulk.
Flour is good for 1 year – maybe little longer it stored perfectly.
I prefer the Rae grain (weat) which can hold centuries (think Pharaos)/ Of course you need a grinder to make the flour. Very good investment. Once you have whole grain (weat) and a grinder, you’re set and in good condition for barter anything. I am able to make bread from electrical bread machine as well in a wood fire and gas oven.