Frank Petricca
Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.
Petricca’s Pick 10/20/2023
WHEAT UPDATE
My post dated 10/18/23 recommended wheat accumulation.
March wheat broke out of a five-week trading range yesterday and is trading $623 ½ where additional accumulation is recommended. Please call for entry levels. 312-690-7763.
While exports were at the higher end of trade expectations this week, adverse weather globally continues to be problematic.
After four successive annual gains, the 2023/24 global wheat crop will be limited by potentially lower yields in Australia, Kazakhstan and Russia.
While there are certainly no guarantees, it is my opinion, there is great value at these levels for Chicago Wheat futures.
Again, this market is within my lower 25% parameter and the Long term trend is UP.
Again, please call for entry levels and Money Management Strategies that are so important when one makes an investment of this nature.
312-690-7763.
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In the meantime –
Have a great year trading –
Best Wishes…
Frank
Questions? Ask Frank Petricca today at 312-690-7763.