Wheat trades 1 standard deviation above its 5-day moving average - CME

On Jul 01, 08:37 AM, Wheat trades 1 standard deviation above its 5-day moving average. This has occurred 72 times over the last 12 months. 50% (36 out of these 72 times), the price has decreased 5 hours later by an average of 3.74 points. The maximum decrease in price has been 13.62 points. 36 times out of 72, the price has increased 5 hours later by an average of 2.4 points. The maximum price increase has been 11.62 points. View Full Market Alert