trading2day
Long

Wheat bullish at lower wedge area or on a breakout above it

CBOT:ZW1!   Wheat Futures
With oscillators diverging I will be expecting Wheat to reach 380 or lower again to look for long positions expecting finally a breakout out of the long-term wedge pattern. On the other hand if the low is already in, I will be waiting for a break out above the wedge and above the weekly Ichimoku cloud to go long. The upside is expected to be explosive. For now I remain patient with no position.
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