Kansas Cory Wheat Short Opportunity Off Of Highs
Looking at a short opportunity with KC Wheat being at highs of 500’s I also look for other conditions.
1- divergence on almost all Macro time frames including the daily , and indecision here on monthly and weekly timeframes.
2-seasonal historic patterns showing a time where commercials can flip position to net buyers meaning they are hedging against the speculators that can drive prices back down
3-momentum looks weak up there
Let’s see what happens all I am short one calendar spread from here. Good luck !
1- divergence on almost all Macro time frames including the daily , and indecision here on monthly and weekly timeframes.
2-seasonal historic patterns showing a time where commercials can flip position to net buyers meaning they are hedging against the speculators that can drive prices back down
3-momentum looks weak up there
Let’s see what happens all I am short one calendar spread from here. Good luck !
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.