FXbrawler

Wheat breaking out of important resistances

Long
OANDA:WHEATUSD   CFDs on Wheat
Those that have been following me for a while know that I've had my eye on commodities and as we keep printing currencies, inflation shall follow. I expect some good moves from grains and sugar in months to come and I keep building my positions. We have a descending triangle mixed with a reversed head and shoulder pattern. This combination could lead to explosive moves short term and perhaps the establishment of a longer term trend as we move forward.

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