- setup is , Price is below all averages.
- Heikin Ashi has been showing undecision in 475-515 range for the last 3-4 weeks. However haDelta/SMA3 may cross back up above zero line and it has still a bias. HA Oscillator is .
- We may see a pull back towards weekly supports between 555-575
- setup has good chance to turn soon! After breaking the shorter term , Price tested the Kumo, then fall back to retest the , and in last two days on back of some sgressive buying it is attacking the Kumo again. Tenkan is above Kijun, Chikou is above past candles, so the setup is good for long.
- Heikin Ashi signal is .
I'd suggest to try to catch some dip, and buy ard 499-504 range if possible. Possible tgt 560+, initial stop below 480.
p.s.: while Wheat looks quite ok for a long, Soybeans and Corn setups are not that optimistic yet.