Bear market with strong positive divergences and a bullish wedge

CBOT:ZW1!   Wheat Futures
76 0 3
Wheat             chart is maybe even more interesting than Corn             .

- Very long term bearish trend , and maybe a bearish wedge too.
- Ichimoku is bearish , but price is far below Kijun and Senkou-B, where we have longer term equilibrium at 455
- MACD lines are converging, positive divergence has been built for more than two months in histogram!
- Heikin-Ashi signal is slightly bearish , rather a noise, as price can't make a subst. lower low. What's more, it looks like haDelta and haOscillator have developed quite some bullish divergence too.

By weekly picture I see limited downside, and increasing chance of a local bottom being established.

- Ichimoku setup is bearish until price is below Kijun Sen. But Kijun is catching down quickly. Key level is 411, marked by Kijun and trendline
- Mixed price action in 393-411 range, with no lower low, no higher high either.
Heikin-Ashi signal is bullish today, but it has been quite mixed recently.
- EWO             is building a positive divergence. This is what makes me think, there is higher chance to see a break on the upper side.
- ATR ( volatility ) is extremely low here too.
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