Wheat is currently standing at its value zone, but there are very strong divergences on the oscillators. After gapping down heavily, a short position is not ideal because the risk/reward ratio is not attractive. A small rally would offer a much better price for shorting.
It's rare that both the weekly chart and the daily are in sync, and when they are, strong trends emerge, with the daily offering great buying or shorting opportunities at very good risk/reward ratios.
Here is the weekly chart :
I will soon post a weekly chart with and how good this approach works on the Wheat market