Kumowizard
Short

Wheat can suffer more if 460 breaks

CBOT:ZW1!   Wheat Futures
104 3 2
Weekly:
- bearish Ichimoku
- bearish Heikin Ashi
- if it can not make a "triple bottom" ard             460, then 425 will be in focus

Daily:
- bearish Ichimoku
- bearish Heikin Ashi
- pull backs are possible from time to time, but 480-485 is strong short term bearish support

Olease note that the new front contract is December, which trades ard             464 right now. Consider that as ZW1!            
agreed!) on my humble monitor risk is also to the downside...

snapshot

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Yeah, will be under pressure for some time. I don't say to go short here and now, but we can forget about strategic long positions, unless it proves to hold this kind of triple bottom pattern.
+1 Reply
hehe Killy_Mel
...or not /#USDA next week/:

snapshot
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