The following are some charts that have my current thinking on wheat on them which includes monthly, weekly, daily, and 4hr. Weekly: Daily: 4hr:
Trade against big downtrend at OANDA:WHEATUSD Trade for December 2016
WEED
I predict a short of a minimum of 85 pips currently??....
Bullish move is confirmed by volume and MAs. I believe wheat will make about a 12% upward move in the next month. The target is a confluence level of 0.618 and volume value area.
Price is within a tight sideways channel. Short resistance and buy support, until it stops working.
