_wheat has a seasonal tendency to break highs may 7th to june 8
_high time frame p03 , with 3month , 1month agree to see higher prices
_looking for a retrace into equalibrium or OTE to take an entry, trading short term bursts long and following to targeted area
_high time frame p03 , with 3month , 1month agree to see higher prices
_looking for a retrace into equalibrium or OTE to take an entry, trading short term bursts long and following to targeted area
Comment:
more fund short covering at a more feverish pace, weather worries in Black Sea and western Kansas, eastern Colorado and Texas Panhandle areas where forecasts for rains this week fizzled out, and support from outside markets with weaker-than-expected labor numbers resurrecting hopes for an easier monetary policy by the Fed," Joel Karlin of Ocean State Research said.