Xemaphore

WHEAT - ZW1! may start another up-leg soon...

Long
CBOT:ZW1!   Wheat Futures
On Weekly chart, the engulfing candle the week before seems to be an up-turn again.

I will be watching WHEAT closer in this week.
there is a strong resistance between 620 - 630.
Pay attention here.
If breaks, 700-720 is short/mid- term target.

( this is my personal view and not a trading advise. )

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.