... we must watch it closely, as Wheat price action may lift other major agri products as well.
Weekly: - Neutral Ichimoku, with minor bullish indication (see forward Kumo, and medium bullish Tenkan/Kijun setup in the spot cloud) - Neutral/minor bearish Heikin-Ashi. Bit confusing, as price is exactly in the middle of the long term sideaway range, right at Kijun and 100WMA - EWO has bullish bias - MACD: neutral, consolidation
Daily: - Ichimoku is neutral - Heikin-Ashi gives possible buy signal t trendline support - The real key level is 380-385. Should Corn close above, that would be a start of a major bullish tren