mikebiz
Long

Wheat may have hit its pullback

CBOT:ZWZ2016   WHEAT FUTURES - ECBT
Looking at 30M chart, it's possible that wheat             has made its pullback. The TSI could be finding support at 0 and RSI on 40. Based on next open and if these indicators move up off this support may try a dec wheat             call.

Looking at the daily chart , the RSI and TSI look bullish and the ADX with +DMI looks like it could be setting up a change in dominance from down trend.


Daily looks like it hit some resistance at the 23.6% retrace area between the 6/8 high and 8/31 low. I think that price will move up to challenge other areas of retrace as noted on daily chart .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português