I am convinced it has bottomed. Volume is historically high with big money stepping in. RSI is showing strength with bullish divergences. Expect a faster rally compare to long historical downward trend to all time high.
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Reference link for data points matching a clear Wyckoff Accumulation occurring in the wheat market (WEAT). This would spell for some much higher food costs in the coming years. Fits narratives of inflation worries in the coming months/years.
Beautiful 3 drive set up being developed. I'm worried about Shorting an ETF that could go out of business so I'm neutral.
Grains look sour so sit back and wait for a historical entry. Scroll back and look at the symmetry. MACD divergence developing.
There is an entry LONG at the expiration of large ABC, or the 1.27/1.61 of smaller Gartley, or finally the...
BLUF : Commodities Long...Play it anyway you want but I like the upside potential and Risk Range(s) of this play, easy to leverage gains/losses....great structure...Let's See What Happens? TW DEAL 15th, JAN Option Friday...get the pullback once your triggers are pulled w/in your range, leverage your risk then sit back and watch!