mikebiz
Long

Wheat looks set to break higher

CBOT:ZW1!   Wheat Futures
Looking at wheat zw1! across three charts (renko 10pt, 5pt, and 1pt), it looks like they have achieved some type of confluence and are staged to break higher.

Entry setup would have been on the 1pt chart on the 27th with the second test of the 100EMA. However, I'm looking to enter long based on how market opens this coming week.

Targets are 510 and 550 on the zw1! chart. Actual entry will be with the e-mini July Wheat .

On TV, I track WHEATUSD for the real-time data feed.
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