lestad

WHEAT POSSIBLE CANDIDATE FOR LONG FROM 550?

Long
CBOT:ZWH2014   Wheat Futures (Mar 2014)
2
LOOKING AT THE DAILY GRAPH OF WHEAT, WE SEE A POSITIVE DIVERGENCE AND A POSSIBLE LONG POSITION CAN BE TRIED FROM 550 (SUPPORT) AREA WITH A T/P AT 578 AREA.
TRIX BEING TOO LOW CAN BE AN ADDITIONAL CONFIDENCE FOR THIS POSITION.
S/L SHOULD BE AREOUND 545 AREA.

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.