MattArmstrong

Wheat - ZW | Long Idea

Long
PEPPERSTONE:WHEAT   Wheat Cash Contract
Here I lay out my trade idea for Wheat .
Given Global Macro events, technical patterns and indicators, I see a long here.

3:1 RR
1% Risked.

Let's see where this goes!
Comment:
Just today; talks of continuing Grain aka Wheat exports... should relax wheat pricing a bit, this still does not 'fix' the Macro view of Wheat, we will see.
Comment:
Never like hearing negative news to make a trade pop, but this one will be opening pre-market 5% up. I assume the trend continues.

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