US wheat futures soared

Introduction: I don't even know how to describe the trend of wheat futures market last week I know that soybean inflation is the main driving force of wheat strength, but why the trend of wheat futures is so strong, which still makes me puzzled As we all know, the wheat market has been in a long-term bear market, and the short position of commodity funds is quite large We also know that for quite a long time, the trend of wheat futures market always appears to be depressed So it can only be attributed to one reason, that is, only short covering can push wheat futures up sharply Wheat futures have soared rapidly, and technical signals have been sent out As a result, the positions held by commodity funds have turned to net And the wheat market out of such a pattern is really taking a great risk In spite of the rapid rise in wheat futures, if fundamental factors can not explain such a rise in the end, then the market will eventually turn back This week's market may tell us whether the strength of wheat futures is due to technical or fundamental factors When a market suddenly goes against the market and fluctuates sharply, many people will be passive These people will hold as many orders as possible, expecting to sell off with the help of the soaring market in the future If fundamentals can not explain the market's rise, if the market is unable to stick to its recent rise and starts to decline, such a decline will be very dramatic If the market holds its ground, I think the market will have more room to rise In any case, such a surge can be seen as a good opportunity to sell short, or at least start a sales plan In such a market situation, the support and resistance levels have no significance at all, just to keep a cautious attitude For growers, I suggest