After making a second high in the forming upward channel, the correction to 200 EMA took place. The reversed U shape of the volume structure signaled the correction stop around 200 EMA as supported by the whole array of daily tails. Wheat is set to move upwards to the new price territory in the area of 6.00.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.