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WHEAT
WHEAT
- USD (-)
EOD data - CBOT Futures
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Type: Commodities
Ticker: WWY
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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

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

One way trading

  • Direction : Long/Short/Neutral
  • |
  • Long positions above : 455
  • |
  • Short positions below : 389
  • |
  • Neutral zone from : 390
  • |
  • Neutral zone up to : 455
  • Timeframe : Daily
WHEAT - Daily
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