Yo whats up guys quick update on wheat futures ticker ZW. Right now the chart’s kinda weak, it’s been sliding around that 5'20 level and sellers are still in control. There’s no real hype from demand or exports so for me this is still a sell bias zone unless we get some crazy weather event or supply shock that flips it. I’m watching for a possible bounce, but honestly, no reason to force longs yet. Keep your stops tight if you’re trading it wheat can fake out fast.
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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.