Wheat - Time to go long

CBOT:ZW1!   Wheat Futures
314 7 4
Update : I don't know what was wrong, but the chart was not right. Two days latter, the chart looks like this . It doesn't look that bullish anymore, but it isn't bearish either.

Last Monday, wheat             broke the 550 support, and that's when I became extremely bullish . Today, I believe a new uptrend has started, and the next days are going to confirm or infirm this. A close above 550 would confirm a false downside breakout, and combined with bullish divergences and with a weekly chart that looks pretty good, a sort of a Double bottom with a divergence (weekly here : https://www.tradingview.com/x/1hSLHGs8), Wheat             has all the chances to rally back to 700. Till 700, there is the resistance level at 620, which is pretty strong. The volume is not yet published here on tradingview, but a strong volume for today would add to the bullishness of this chart.
Check out my previous charts on wheat             . I am not going to take this trade, my portofolio size does not allow me to trade many of the commodities offered. If anyone knows of stock, that is closely related to wheat             , please leave a comment.
Wheat Fund by Teucrium - WEAT is the symbol... also RJA is an agricultural etf that holds the ags.
Thank you Tim, but unfortunately neither of them are offered by my broker. Guess I have to build up the account in order to play with grains...
LuigiZeroZero vlad.adrian
WEAT is traded on NYSE. You should be able to trade it with any brokerage.
vlad.adrian LuigiZeroZero
Im not american, I trade cfds on stocks, not stocks per se
....brave thesis. Yesterday was the last trading day of the July contracts.
didnt know about that... If it does not go over the resistance level at 550, I was probably wrong and the reason for this day had to do with the contract expiration.
hehe vlad.adrian
...contract expiration & #USDA report.
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