Wheat:
Price made a very strong move down during Monday's session and broke through our first supportive level. It then tested the pivotal support which held after which price created a 'morning star' pattern which is a reliable reversal pattern.
We keep our bias unchanged bullish. The low of last week at 398.75 has now become pivotal support.
Price made a very strong move down during Monday's session and broke through our first supportive level. It then tested the pivotal support which held after which price created a 'morning star' pattern which is a reliable reversal pattern.
We keep our bias unchanged bullish. The low of last week at 398.75 has now become pivotal support.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.