Wheat Long
Updated
I still haven't come across any compelling justification to get long besides my technical read. Most fundamentals, crop yields, weather all appear to suggest we go further south but we are now in my buy zone
Trade active
Long at 459Note
added at 466Note
Long at 458, 460 (average 59), 466 and looking to add another clip if we dip to 460-462 level.Note
Ready... aim...Note
There is 460 ! :)Now rally ... come on !
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Added at 458. Might have got a bit carried away and be a bit scary long now. Takes my average to 460.5. Stopping out if we get under 454.Note
Broke 485. Boom. 520 here we comeNote
500 :)Note
Good news and bad news... Bad news first, recoil rally has completed with rally above 518. Might be time to take some profit
Good news, rally has broken long term trend line. Plenty of upside to come.
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Took profit at 518, 505 and 500. Still holding long Wheat ETF position for long termNote
Plan is to buy in current 440's level. Look for a break of 530 and add on dip back to 485 and below.
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