aakashbh92
Short

Bearish Wheat, Head and Shoulders formation complete

CBOT:ZWH2015   WHEAT FUTURES - ECBT
There is a strong bearish pattern completed as shown and both the fanning trend lines have been broken. This has been confirmed with today's close below the up trend extending from the beginning of October. Increased volume on the down days would be a stronger indicator, however I believe the pattern and fundamentals are lining up. One thing to be careful is regarding news from russia and their wheat             exports. I suggest taking profits at 5.30 or for lower risk traders, buying the march 480 puts.
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