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Wheat

Wheat CBoT possibly getting ready for a long playWheat: After about a month of moving back and forth in a zone that we described as 'the jungle from where we do not see the exit' the price has come out of the woods on the upside. This encourages us to have a look at possible long play. However, before we will feel comfortable to entertain a long trade we first need to be sure that this is not a bull trap. If we are convinced of that we will look for a possible entry point in which our stop-loss level is actually more important than anything else. After all, guarding and preserving the trading capital is more important than making a profit.
CBOT:ZWN2016
by Remko
Wheat: overwhelming pessimism leads to a bottomWheat has formed a gigantic weekly base, and is ripe to rally once price moves above 469'6. It's a bit premature to buy, but we could get away with huge R multiples if this trade setup works. Open long positions on a break of this level, with stops under the previous week's low. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
CBOT:ZW1!Long
by IvanLabrie
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