Wheat Futures (Jul 2020) trade ideas

Ecantoni

1)this is a 1/ZCW 2)COT showing commercials bullish on grains:bullish for grains 3) corn likely to crunch the spread with wheat: bullish for zcw 4)it would be the 6th bullish signal given by 1/zcw on the ES if the correlation (CC) tanks

hehe

Symmetrical triangle is an ideal fourth wave. That's the theory. A practice? I'll wait for breakout.

LEONES

Wheat often makes seasonal lows in early June. It seems is coming out from a tight consolidation around the 700.0 level (20EMA). Target would be 739.0 at the median line, also late march high - possible resistance.