LOOKING AT THE DAILY GRAPH OF WHEAT, WE SEE A POSITIVE DIVERGENCE AND A POSSIBLE LONG POSITION CAN BE TRIED FROM 550 (SUPPORT) AREA WITH A T/P AT 578 AREA.
TRIX BEING TOO LOW CAN BE AN ADDITIONAL CONFIDENCE FOR THIS POSITION.
S/L SHOULD BE AREOUND 545 AREA.
even tough it seems a little bit doubtful, we may be seeing a long move to 590 area in wheat,
the bottom might be in 560 area, so the stops should be placed around 550-555 area.
RSI also shows positive divergence, which may also be an additional positive proof...