ZW- Wheat Futures Reverse to Upside LONG

ZW is shown as the December 2023 contracts on the 2H chart have reversed

in the past two days and price has increased over 2% in that interval.

The indicators show a flip in the volatility and a blue bar volume spike

in the reversal. Price is presently about 15% below the double tops and

pivot highs of June and July. Price is presently crossing over the mean

VWAP anchored 7-8 trading days ago and so demonstrating the bullish

momentum of the past couple of days.

I see this as an excellent long trade setup especially suitable to using

leverage in the trade and expect the uptrend to potentially capture

a 7-8% gain in the retracement of the downtrend then amplified by

the leverage applied.