Wheat - ZW - Possible Bullish Momemtum Building

🔹 4-Hour Chart (Medium-Term Swing)
Price has been recovering from the August low (~5000) and is now testing 5336–5350 resistance.
The recent structure looks like a base-building range with higher lows since mid-August.
Outlook: A breakout above 5355 would confirm bullish continuation toward 5450–5500. Failure here likely brings consolidation back to 5250–5280.

🔹 1-Hour Chart (Short-Term Trend)
Strong bullish momentum the past two sessions, with a sharp rally from 5240 to 5336.
The move cleared prior resistance at 5300, now acting as support.
Outlook: Momentum remains bullish short term, but expect pullbacks toward 5295–5305 as a retest before another push to 5350–5380.

🔹 30-Minute Chart (Intraday Moves)
Price action is trending higher intraday, with impulsive green candles and shallow pullbacks.
Resistance sits at 5350–5355 (recent swing high).
Outlook: Expect choppy price action near 5335–5355. Intraday bulls can buy dips to 5310–5320 targeting 5360–5375, with stops under 5290.

🔹 Daily Chart (Broader Context)
Daily shows a bottoming structure around 5000–5050, followed by multiple higher lows.
The broader downtrend since June is weakening, suggesting a potential trend reversal if price sustains above 5400.
Outlook: Daily bias is shifting from bearish to neutral-bullish. Holding above 5300 sets up a push toward 5450–5500 in September.

Summary Outlook
Bias: Short-term bullish across 30M, 1H, and 4H.
Key Resistance: 5355 → 5380 → 5450.
Key Support: 5300 → 5250 → 5200.
Strategy:
Intraday: Buy dips above 5300.
Swing: Hold longs while above 5250, targeting 5450–5500.
Risk flips bearish only if 5200 is broken on the daily.

**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*