Kumowizard

Quadriple weekly bottom?

Long
CBOT:ZW1!   Wheat Futures
2
Weekly:
- Ichimoku is still bearish, but price failed to break below 455-460 for the fourth time since Sept/2014
- Heikin-Ashi shows hesitation at key resistance, but haDelta moves above zero line! haDelta has been building positive divergence since July/2015
- Key supp/res on top side is 520-530 area: 100 WMA, Kumo and the major bearish trendline

Daily:
- Ichimoku setup is rather neutral, as Kumo has come lower and Price reaches it now.
- Price seem to have been trading in 450-530 wide range, with 490 as key level in the middle. 490 has to be cleared for further gains.
- Heikin Ashi is bullish, with haDelta above zero.
- EWO back to zero, may switch to bullish soon.

Strategy: Keep 0,5 unit long.

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