The price is trading on an irregular 1D Ascending Triangle (RSI = 55.404, MACD = 3.560, Highs/Lows = 0.0000). The supporting lines give an optimal long entry close to 500. TP = 517.
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Both TP =574.20 & 588.20 hit as the 1W Channel Up (MACD = 9.620, B/BP = 0.3280) made a 598.40 Higher High. It has since pulled back to make a Higher Low, which was most likely priced at 498.20. This commodity (Hard Red Winter Wheat) is on a very long term uptrend and we are now holding a long with TP = 569, 598 in extension.
There is a good scalp opportunity for Kansas wheat futures. Showing a shooting start, obviously needs conformation, however its on a downward momentum for a short term shorting opportunity but the long term trend is going up!