Wheat has failed 4 weeks in a row to break the 525 price barrier - the weekly MA20 which is in negative direction! If we look at the shape it seems that we will head up, but there are several reasons why we should consider shorting:
Weekly MA 20 just above 525 with negative direction Daily MA 50 just above 525 with negative direction We are in decline on the monthly charts 1H, 2H and 4H chart overbought