LEONES

Wheat downtrend continues

Short
CBOT:ZWN2013   WHEAT FUTURES (JUL 2013)
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After 28Mar USDA crop report the price has retraced to the 20EMA and 0.618Fib level. If 20EMA resistance holds the price is poised to move back to the 1/1 Gann line. Wheat is a sell if it trades below 6930 with target 6350, approx end of the month.

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Closed with a loss
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Update: ready to breakout to the downside
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