Forum Wheat Futures (May 2016)
ZWU2023 LA CANDELA WEEKLY SOTTO IL WVAMP. l'asset sembra in attesa di un movimento direzionale dopo essere uscito dalla gabbia di ieri che lo spingeva verso i 600€ . supporto 670 che per ora sembra tenere questa materia prima sembra essere in attesa di nuovi spunti.
ZWU2023 it seems also to me an accumulation pattern, all day long around 700 area it's crazy. Will see what's gona happen !
ZW1! Wheat looks trying to bottom here with a reverse h&s pattern. Moreover, the commercials are piling long positions in an extreme fashion and the speculator look short or further short. It looks an accumulation pattern is on the fly. Seasonality on the contrary suggests the bottom should happen later, in july, at the passage from old to new crop trading. Let's see.