View: wheatH4log.png

wheatH4log.png

Chart of the day is #WHEAT by www.tradingchannels.uk

Comments

DinkDink
You and I share similar ideas on stocks/futures! I've been watching wheat closely as well. I too think a bottom is in at $399, but I'm just not sure price is quite ready. I'm like 50/50 that we might get one more decline to maybe $375 before THE low is in. But for now it looks like a decent setup for higher, but long-term downtrends like this almost always trick everyone, including you and me, so I guess we'll see! 8/19/16
BurakBurak
You're right. I've been chasing this sucker for some time but failed every time. Perhaps this time is different :) 8/20/16
DinkDink
This thing wanted to break below $400! Today's low was around $393 so far. I am probably going to buy very soon, but not quite yet. Maybe early next week. I would put max downside at $375 and max upside to like $1200 so reward:risk is greatly in favor of long here. 8/26/16
...