Wheat:
After price left the woods it advanced rather impulsively which initially made us decide that we were too late to take the ride up and that we should rather let go. In meantime price has made a reversal in order to test the break-out zone where it more or less has arrived at the close of last Friday.
It seems that the market is offering us a second chance now which we will make use of at 492 with a stop at 481 basis EOD.
After price left the woods it advanced rather impulsively which initially made us decide that we were too late to take the ride up and that we should rather let go. In meantime price has made a reversal in order to test the break-out zone where it more or less has arrived at the close of last Friday.
It seems that the market is offering us a second chance now which we will make use of at 492 with a stop at 481 basis EOD.
Trade active:
We had a fill
Trade closed: stop reached
