Wheat - 2nd November 2023 | @ 101 Days | + 3.88%
Last trade: + 3.88% | 'B' class signal detected in wheat futures. Running at an average wavelength of 101 days over 10 iterations since March 2021. Currently peaking.
ΣL Cycle Summary
The most recent upswing of this frequency stationary component in wheat futures has been sideways and lacklustre, troughing back in early September. Amplitude has been fading too over the last few cycle iterations but it is still excellent in terms of it’s frequency stability. Coming in at around 100 days, it has been a feature of the time series that is easily discerned over 10 iterations since early 2021. The next trough is due mid December, it will be interesting to see whether we get an increase in amplitude on the down-leg incoming.
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