ZW hit a wall on the hourly resistance.
ZW’s inability to hit the upper end of the price channel may be revealing some signs of fatigue.
Bullish “cup and handle” formation in wheat futures. Neckline around $780 offers a stop-loss that needs to be adjusted for the (technically quite vague) take-profit target.
Nice breakout, tradeable support retest and new highs for ZW.
ZW wheat futures approaching the apex of a 6-month old triangle.
Wheat futures on two-way support on the hourly.
ZW facing headwinds but still over uptrend support line.
Decade highs a few bucks ahead.