carlosmello
Long

Buy WN2016 at 461 with a Stop at 449 and Target at 488.

CBOT:WN2016   WHEAT FUTURES
11 0 0
WN2016 after a long fall has recently formed a triple bottom and could be switching to a range trade or eventually an uptrend. We are buying at the low end of the range and aiming to sell at the high end of the range with a 2 to 1 Reward to Risk.
Trade closed: target reached: WN2016 surpassed our target and now reached a resistance zone. So we close the trade at 504 c/bu with a profit of 43 c/bu.
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