CBoT wheat still waiting for the short play entry opportunity
Wheat:
Price has not made to corrective move up during last week as per anticipation but rather kept moving sideways with a rather volatile session last Friday.
We keep our views unchanged but have to accept that the timing will be later than what we were initially expecting. Consequently we have moved the preferred path in time. We are waiting for the move to the 345/355 level to see whether we can call for a tradable top there and we expect same (again) to appear during the coming week.
Price has not made to corrective move up during last week as per anticipation but rather kept moving sideways with a rather volatile session last Friday.
We keep our views unchanged but have to accept that the timing will be later than what we were initially expecting. Consequently we have moved the preferred path in time. We are waiting for the move to the 345/355 level to see whether we can call for a tradable top there and we expect same (again) to appear during the coming week.