Olu

Wheat: Might Be Heading For $4 Round Figure

שורט
Olu מעודכן   
FOREXCOM:WHTUSD   None
Comments on the chart. A break of 422.50 on this chart, the low of the last bullish candle should help this idea a lot
הערה:
Bearish close today. Closed right on support. We need a break of this support area to give confidence to the idea
הערה:
Price has broken support today and the idea is well in play
הערה:
A rally attempt was made today but it fizzled out by the close of day. Corn rose, soybeans rose, oats rose but wheat fell. This commodity is following its own fundamentals and is bearish. It is due for a correction but it might just turn out too be a better sell position.
הערה:
The expected correction came today. Whether it is done remains to be seen. I am still bearish
הערה:
Still bearish on wheat
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