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WHEAT
WHEAT
Ticker: WWY ISIN: Type: Commodities
Open: 446.50
Change: -9.25
Volume: 86,054
High: 438.00
Low: 447.75
High / Low range: 9.75
438.75 USD (-2.07%) 2017-02-27 00:00:00 EOD data - Futures CBOT

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 - Daily

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
WHEAT - Daily
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