Kumowizard
Short

Wheat can suffer more if 460 breaks

CBOT:ZW1!   WHEAT FUTURES - ECBT
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!            
Killy_Mel
a year ago
agreed!) on my humble monitor risk is also to the downside...

snapshot

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Kumowizard PRO Killy_Mel
a year ago
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
a year ago
...or not /#USDA next week/:

snapshot
+1 Reply
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