Apr 5, 22 Wheat Go Long My Friends

I've been watching whaet for a while now waiting for a bottom. Hopefully last week was the bottom. I put a Buy Order in at 1000 on Friday and wheat is slowly moving up.

With the war and drought going on, spring planting is screwed in Ukraine and Russia which account for about 25% of the worlds wheat.

I'm in this one for the long haul - hoping wheat will keep going up to 1300, maybe higher once the world realizes there is going to be a massive shortage.

Stay safe.

Heiko

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Comment:

Wheat is still looking good for me - question now is do I get out at the Resistance Level or is Wheat going to break through, maybe to ATH??

Let me know your thoughts - ty

Heiko