Wheat has been a long run for awhile. It has pull back finally. Notice, I said pull back and not trend reversal. We made some really good money on the bullish run from June to October. Since we exited our trade in October, we have been waiting for a pull back where people take their profit. That as happened from October to now. We are approaching the first major support area. We will set alert at each and look for a trade. Based on the price movement, it looks like we are going to get to S2/S3 and then bounce. We will have to wait and see.
S1= 753 5/8
S2= 689 1/8
S3= 624 5/8
S4= 532 7/8
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