albert.callisto
Short

Wheat - Bouncing on top of range

CBOT:W1!   WHEAT FUTURES
52 0 1
H4, wheat             has bounced against a resistive area topped by a level given by the flat SSB             before the twist on 6th May. We may now see the price heading towards lower levels given by flat Kijun and flat SSBs. If it manages to break the middle of the fork, we could even have a target at the lowest level of the range.

Chinkou has plenty room in the first part of the trade. It may have then more difficulties to go through the SSB             and Kijun.
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