SHORT XWM21 (Wheat Futures May21)

24 thg 3, 2021

We have been on a bull run in the wheat market since June of last year. However the past couple months we hit a high followed by consolidation between 635-685. We formed a double top and price is looking pretty heavy. We broke out of a multi-month support level and price came back to test this area and looks like it is now a new resistance. Looking to take partial profits at 580, 540 and perhaps even a move to take out the lows made at June 2020.

30 thg 3, 2021

Giao dịch đang hoạt động

Close partial position at 600, still looking like there is further move to the downsize