Pros and contras to neutral wheat mkt

CBOT:ZW1!   Wheat Futures
35 0 2
As you will see the details Wheat             has been trading absolutely neutral. Low volatility consolidation.
However I mark the bias possibly bullish , mainly because of longer term positive divergences.

- Major trend is still bearish , Ichimoku setup is bearish . Key strategic reversal level is around 525. Closer key is Kijun Sen at 486.
- Heikin-Ashi has shown indecision and consolidation for last 4 weeks! Long wicked doji candles, haDelta stuck at zero.
- Positive divergences: haDelta has been building it since Aug/2015. We see EWO             has also built bullish divergence .
All in all the price ihas been under pressure, but somehow the bearish momentum just can not accelerate again at the decade low.

- Ichimoku setup has been neutral since early March. Equilibrium is 466. Please note that future Kumohas become very thin (very low volatility , which is also reflected in ATR), and possibly about to deliver a bullish twist ( bullish Senkou cross)
- Heikin-Ashi is short term bearish , but with decreasing momentum: haDelta hit local low, and may cross back above its SMA3.
- EWO             is neutral.
- Price pattern: In case 455+/- short term horizontal key level holds, and price pops from here, later a bullish Kumo breakout would also mean a confirmation of an Inverse H&S pattern. This double bullish signal could have a tgt             to 500.

You have to watch Heikin-Ashi signals carefuly here at key levels.
If anything, I am interested in buy only. I don't see short wheat             a good risk reward , but if signlas confirm, I can be comfortable to build and ride 1-2 units long position.
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