Wheat is rallying up to a key quarterly/yearly trendline projected from the major 2008 and 2012 highs which is also the upper boundary of an enormous decending wedge.
I'm watching for a high at this area over the next few months to short into a final low (ideally 2019) before breaking out of this wedge to the upside.
Bull cycle counts point towards July and October as the ideal months for the high.
I'll post more analysis and go over the opportunities once things become clearer.
Checkout my website @ PatsTrades (link is on my profile page below my picture) for my analysis on other trades like this and subscribe to avoid missing out on ideas and entries.
Thanks!!
I'm watching for a high at this area over the next few months to short into a final low (ideally 2019) before breaking out of this wedge to the upside.
Bull cycle counts point towards July and October as the ideal months for the high.
I'll post more analysis and go over the opportunities once things become clearer.
Checkout my website @ PatsTrades (link is on my profile page below my picture) for my analysis on other trades like this and subscribe to avoid missing out on ideas and entries.
Thanks!!
