Based on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first
- break out of daily resistance
- lower high + oversold oscillator
- divergence (I use RSI and OBV)
- break out of daily resistance
- lower high + oversold oscillator
- divergence (I use RSI and OBV)
Comment:
sorry, made a typo - higher low + oversold oscillator )))
Comment:
If yesterday's low holds, we can see 508 coming few sessions
Comment:
Make partial profit-booking and lower stop
Trade closed: target reached:
Target 508 reached. However, there is still a lot of room up for swing traders. Continue to look for and take buy signals in wheat
