CBOT Wheat Futures

[wheatking16]

Chicago wheat retraced and now getting a bounce off of the previous resistance.

I anticipate that this will go much higher.

What was once resistance often acts as support.




The Klarenbach Report
https://klarenbach.substack.com/

Klarenbach Research Telegram Group
https://t.me/klarenbachresearch

[TechAnalyst]

Chicago wheat retraced and now getting a bounce off of the previous resistance.

I anticipate that this will go much higher.

What was once resistance often acts as support.


[ATTACH]9139[/ATTACH]

The Klarenbach Report
https://klarenbach.substack.com/

Klarenbach Research Telegram Group
https://t.me/klarenbachresearch

I agree fully.

Do you mind if I ask if you are with Klarenbach or simply promote their good work?

[wheatking16]

I agree fully.

Do you mind if I ask if you are with Klarenbach or simply promote their good work?

My name is Trent Klarenbach and I currently work alone.

Thank-you for the compliment.

I enjoy your work also.

[TechAnalyst]

Thanks,

Mitch Miller here.

[wheatking16]

Thanks,

Mitch Miller here.

Nice to meet you Mitch.

I look forward to bouncing some ideas off of you in the future.

[A990]

Would you buy futures to replace sales here and if so what month?
....anybody?

[FarmJunkie]

This is refreshing. Posters with actual names and something to add to this site. Not the regular bullshit artists. Keep it coming guys. Very informative stuff. Stuff that matters!

[wheatking16]

Would you buy futures to replace sales here and if so what month?
....anybody?

Here are my thoughts using the weekly charts.

THIS IS NOT ADVICE.


The green line signals the price above that I would be interested in a long position.

The red line signals when I am wrong about the trade and my initial stop would be below this level.

The blue line indicates the VWAP which I considered relative to the chart.



Let me know if these charts are difficult to read and I can publish them in my newsletter and share a link.

As I struggle to attach the last chart, I will consider sharing a link instead in the future.

[AlbertaFarmer5]

Here are my thoughts using the weekly charts.

THIS IS NOT ADVICE.


The green line signals the price above that I would be interested in a long position.

The red line signals when I am wrong about the trade and my initial stop would be below this level.

The blue line indicates the VWAP which I considered relative to the chart.

And that advice ( which according to the disclaimer is clearly not advice...) is probably the hardest thing to convince ourselves to do, to buy AFTER it goes up so much, and to sell AFTER if goes down so far. Human nature and greed is to try to capture the entire move, not the center low risk portion.

[wheatking16]

And that advice ( which according to the disclaimer is clearly not advice...) is probably the hardest thing to convince ourselves to do, to buy AFTER it goes up so much, and to sell AFTER if goes down so far. Human nature and greed is to try to capture the entire move, not the center low risk portion.

Ego is a destroyer of men...... and their trading accounts.