Kumowizard

No story, no action

CBOT:ZW1!   Wheat Futures
41 0 3
Weekly:
- Ichimoku is still bearish biased, but it has lost bearish momentum. Triple bottom? Tenkan and Senkou A started to point up.
- Heikin Ashi shows undecision again: after two bullish candles this week we have a long wicked doji and smoothed haDelta is ard             zero line.

Daily:
- Ichimoku is neutral, price is at equilibrium
- Heikin Ashi is bearish biased but looking at last two candles (smaller bodies and no lower low) short term bearish momentum decreased as Price reached Kumo.

This market is trading in a wide range of 460-530. Looking at weekly chart, the importance of 530 upper level is increasing by time, as it is becoming a serious strategic reversal point. (Kijun and 100 WMA )
I have to note that Wheat             has been relatively the "strongest" among three grain products. Once the whole complex starts a bullish move, very likely Wheat             can be the leader.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out