Paraman666

Potential big downward move for wheat ?

Short
Paraman666 Updated   
CBOT:ZW1!   Wheat Futures
Wheat created some sort of triangle and I think it will break downside because: a) we are under huge ressistence b) point of control is at 431 c) seasonality - price of wheat historically goes down from January to June.
Trade closed: target reached:
Target hit, now i am going to look for a long, after that 6% bounce, the low could be set, however we can also touch huge support at 410.

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