Kumowizard

Loss of bearish momentum

CBOT:ZW1!   Wheat Futures
6
Looking at Heikin-Ashi signal we may have a local bottom after the serious selloff. Some consolidation or a pull back to 404-410 is possible, but the main structure remains bearish.

Bullish key reversal points are higher at 418 and 438

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.