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IvanLabrie

Wheat: Bottom of the pullback spotted

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Teucrium Wheat Fund ETV (AMEX:WEAT)  
IvanLabrie Atualizado   
AMEX:WEAT   Teucrium Wheat Fund ETV
Trend Analysis Chart Patterns Beyond Technical Analysis Wheat WEAT WHEATUSD zw timeatmode rgmov keyhiddenlevels
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trendanalysis chartpattern beyondta wheat weat wheatusd zw timeatmode rgmov keyhiddenlevels
I think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this situation continues, and we get a strong rally from here onwards. Shout out to Tim West, who correctly diagnosed this situation with prescience in the KHL chatroom.
Promising trade here, potentially similar in scale to the rally that took place in 1988.

Best of luck,

Ivan Labrie.
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