UK Feed Wheat (LWX24) has shown an impressive rise since March 11. The volatility is at its highest since November 2022, as the commodity keeps marking higher highs in the last 5 weeks. The 10-day exponential moving average (EMA) has acted as almost perfect dynamic support in its path, to the benefit of long traders.
Watch out for full daily candles crossing above or below the 10 EMA, as statistically this has acted as a very reliable indicator for trend changes.
