Looking at a short opportunity with KC Wheat being at highs of 500’s I also look for other conditions. 1- divergence on almost all Macro time frames including the daily , and indecision here on monthly and weekly timeframes. 2-seasonal historic patterns showing a time where commercials can flip position to net buyers meaning they are hedging against the speculators that can drive prices back down 3-momentum looks weak up there
Let’s see what happens all I am short one calendar spread from here. Good luck !
Very nice presentation, interesting logic. Congratulations on your well earned wealth~!~
ViperFutures
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Sorry all I meant to type Kansas “city” and auto correct typed Cory first time posting an idea from mobile here and I don’t see edit function but I wanted to get this trade idea out.