Potential rally in wheat

Based on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first
- break out of daily resistance
- lower high + oversold oscillator
- divergence (I use RSI and OBV)

Kommentar:

sorry, made a typo - higher low + oversold oscillator )))

Kommentar:

If yesterday's low holds, we can see 508 coming few sessions

Kommentar:

Make partial profit-booking and lower stop

Trade geschlossen: Ziel wurde erreicht:

Target 508 reached. However, there is still a lot of room up for swing traders. Continue to look for and take buy signals in wheat