Bearish on grains & wheat

CBOT:ZW1!   Wheat Futures
Been a while since I posted about agri .

Price is around its average now, I see no reason for it to skyrocket.

I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.

Technically the price around 490-495 is a sweet spot to short this which makes it interesting.
We let the amateurs trade everything to make sure they don't miss out.
Market can stay irrational longer than you stay solvent so use a stop loss.
And also, it's not 100% sure the price is supposed to go down, might be wrong.
So in any case, stop loss (or something else) is good.
Oct 01
Trade closed: stop reached: Have no idea what I'm doing tbh.
Just had a surge in how much markets I wanted to look at. Wanted to give this a shot.
Going to keep an eye, curious how this turns out, but I have no idea how this works tbh.
Probably best if I stick to my dozen currencies and handful of indices, metals & energy.
The fact that jellyfish have survived for 650 million years despite not having brains gives hope to many people.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out