Kumowizard
Long

Real buy at 419 breakout.

CBOT:ZW1!   WHEAT FUTURES - ECBT
80 0 3
Weekly:
- No real change in big picture since last post, except that Heikin-Ashi shows indecision again.
- MACD still suggests sideaway/corrective move ahead

Daily:
- As expected, first key resistance ard 425 blocked buyers. After two days of hesitation price fell back sharply, even closed below Kijun Sen.
- However bearish price action faded yesterday. No lower low below Kumo cloud.
- Heikin-Ashi gives a buy signal again, but Ichimoku is still neutral: everything is located in a thin flat Kumo.
- EWO             keeps its bullish bias

I think it is a minor buy with 399 stop, have some chance for further bullish improvement. Real size buying recommended only if breakout happens above 419!
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