There could be something around 435'-440' for possible buy setup.
Probably soon there will be nice long opportunity, at least for correction. Closely watching & bought small part for medium term.
There could be some possible shorting opportunity around 435-440.
My 1st look at Wheat future. What are the Fundamentals for Wheat prices? I see a nice technical support off of a Monthly support.
There was a nice area to go long on wheat. Still have some room to the upside.
Price has dropped off of the upper blue median line. Price has dropped on the upper pink median line, and has dropped to the middle pink median line.
Price hit the upward median line and dropped downward to blue middle median line. Look for price to fall through if price can make it belaw 412 and may go to energy point near 402.
Price has bounced multilpe times on the lower blue median line parallel. Price may come down and hold the blue middle median line as support.
Todays close was in yesterdays demand. All the beans closed positive. Wheat will have a bounce back tomorrow depending on the open.
Price has been stuck in a range, but is showing frequency to the upside on the recent bottom parallel. Look for this to hold.
Price is continuing to follow the pitchfork, and is rising. Look for another test on sliding parallel before going higher.
W1, W2 cup and handle 2 before 3 which is a very powerful formation for a W3 setup
Price has dropped recently, we are now in a retrace with possibility to reach the gold median line near 432. The expanding pivots
Price hit resistance near 450 and also retested blue median line resistance near 430, and has cascaded lower. Look for possible continuation lower to 375-350.
Price stalled and reversed on lower sliding parallel and followed up on blue median line. look for price to test 430 then show if it will rise or fall.
Will keep an eye open on this one here...
37 work day tg 532 buy the dips 413-415 good price
Please see annotated chart for details.