Wheat:
Nothing much changed in our views on this market. We are still in an area which we see as a jungle from where we see no exit (either up or down) and we want to see that price breaks out of the 450/485 'no-mans-land-zone' before we pick any side. The moves during the past week and, maybe oddly enough, especially during the last 3 sessions start making look us to the upside very carefully but we are still not ready to take a bullish bias unless the 485 breaks.
Nothing much changed in our views on this market. We are still in an area which we see as a jungle from where we see no exit (either up or down) and we want to see that price breaks out of the 450/485 'no-mans-land-zone' before we pick any side. The moves during the past week and, maybe oddly enough, especially during the last 3 sessions start making look us to the upside very carefully but we are still not ready to take a bullish bias unless the 485 breaks.
