UnknownUnicorn540299

Wheat: Let the fun begin

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UnknownUnicorn540299 Uppdaterad   
OANDA:WHEATUSD   CFDs på vete
Second correctional wave seem to be completed. Hope you bought the dip :)
Now, we should see third wave advance out from bottom. That can be fun.
Look at chart for expected price path.
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Boom!
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Made a chart of upside resistances. Current resistance right above its head is a very strong level. Once that is cleared, we should head easily to the next zone.

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Yesterday's price action was very interesting.
We retraced to 61.8 % of the upmove, and was at one point in the trading day down about 1.4 %. There was a wheat report launched yesterday.
Trading day finished up +1.7 %.
This should give price significant momentum to thrive on.
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Wheat is looking green and great so far.

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