The trendline is broken and we should see a retracement to the .618 level which is also the previous support & resistance level and volume value area.
Keep an eye on the price action on market open to see if the move down was a bear trap. If price bounces off the trendline downward, open short position.
Bullish move is confirmed by volume and MAs. I believe wheat will make about a 12% upward move in the next month. The target is a confluence level of 0.618 and volume value area.
