Kumowizard

Wheat can suffer more if 460 breaks

Short
CBOT:ZW1!   Wheat Futures
2
Weekly:
- bearish Ichimoku
- bearish Heikin Ashi
- if it can not make a "triple bottom" ard 460, then 425 will be in focus

Daily:
- bearish Ichimoku
- bearish Heikin Ashi
- pull backs are possible from time to time, but 480-485 is strong short term bearish support

Olease note that the new front contract is December, which trades ard 464 right now. Consider that as ZW1!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.