WHEAT - $WHEAT The prices attempts a #bullish #breakout of the #Ichimoku cloud, but still some resistances in sight. Below the #cloud since last year's the summer #solstice - 01/07/2017 (GMT)
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- Direction : Long/Short/Neutral
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- Long positions above : 455
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- Short positions below : 389
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- Neutral zone from : 390
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- Neutral zone up to : 455
- Timeframe : Daily
WHEAT Chart
The prices will attempts a bullish breakout of the #Ichimoku cloud next week, but I identity still some resistances:
432: Not really a resistance, but perhaps some take profit from speculators who bought the break of the descending channel. This is the theoretical target for this breakout
438: An extension of a long flat Kijun + long flat SSB
445-454: An area bordered by several bottom and a top
If the upward trend that seems to take shape breaks all these resistances, I see a possible target at 493
432: Not really a resistance, but perhaps some take profit from speculators who bought the break of the descending channel. This is the theoretical target for this breakout
438: An extension of a long flat Kijun + long flat SSB
445-454: An area bordered by several bottom and a top
If the upward trend that seems to take shape breaks all these resistances, I see a possible target at 493
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