Heiken Ashi confirmation candle on the 1 hour, 4 hr oversold, definetly the start of a change in trend. SL 1057
As said earlier I think 550s is tops for Wheat, confirmed by double top, definetly short here again after being stoped last time, Stop Loss at 565 a la Gann in his Master Commodities Course 3%.
Exhaustion at 113.3. Initial target 113 Medium term 112.5 Final 112.2 We ll see after that.
Does not have the strength to cross over the cloud being in oversold levels. 1 hour chart also oversold.
mfi confirms downtrend and divergence.
Not a confirmation candle but there is a price rejection and MFI confirms CIT to start.
Gold about to break out to 1260 level this would push NEM to 34 + before expiry.
We go long til the 7th of July. 1318 my target.
And down goes gold with it.
Target as shown on graph, date not so sure.
Short term target at Price label. Update after that.
Daily bar confirms CIT. 49.43 would be 720 degrees, 47.55 1 turn of the Wheel.