Fundamentally not much bullish ... maybe a mini USD meltdown/correction might provide enough to send all commodities flying?
Strong support around 420-430
I still haven't come across any compelling justification to get long besides my technical read. Most fundamentals, crop yields, weather all appear to suggest we go further south but we are now in my buy zone so just looking for a hint of support to get long.
Long at 457, SL1 453, SL2 439, TP1 512, TP2 523, TP3 733
Took profit at 518, 505 and 500. See related idea below "Wheat Long". Looking to get long again with approach of 442 support.
Looks like we are off to the races... looking to buy on dips
I know emotions should be kept out but this is theeee most exciting trade on the board for me right now. Back at 50% fib retrace and looking for a game changing bull range recoil trade to push above previous high of 520 and break out of long term down trend.