RT Swing Trader Blog | News
23Oct/090

December Wheat

December Wheat – Long from $5.29 ¾ - last price @ $5.51 3/4 -Wheat formed a bullish reaction swing pattern on the descending median line. After a two-day pullback to test the 20-day MA, wheat surged higher and triggered the buy signal. Thursday’s higher close is the second consecutive closes above the (C) pivot and portends a price move to the ascending (blue) median (centerline) line. – Hold the long position with the stop loss at $5.12.

December Wheat

December Wheat

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