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BigMouse777

ZW1! Wheat Long

Long
Wheat Futures (CBOT_DL:ZW1!)  
BigMouse777  
CBOT_DL:ZW1!   Wheat Futures
Trend Analysis Chart Patterns Technical Indicators Wheat ZW1! commodity grain grains WEAT
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trendanalysis chartpattern indicator wheat zw1! commodity grain grains weat
Wheat futures have broken out of a falling wedge pattern on positive divergence. The price broke out of the wedge to the upside, then it back-tested the wedge from above, and proceeded to move up aggressively today. This is an objective buy signal.

The most common investment vehicle for this trade is WEAT, an ETN backed by wheat futures.
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