Weekly:
- Ichimoku setup is bearish, Price is below all averages.
- Heikin Ashi has been showing undecision in 475-515 range for the last 3-4 weeks. However haDelta/SMA3 may cross back up above zero line and it has still a bullish bias. HA Oscillator is bullish.
- We may see a pull back towards weekly bearish supports between 555-575
Daily:
- Ichimoku setup has good chance to turn bullish soon! After breaking the shorter term bearish trendline, Price tested the Kumo, then fall back to retest the broken trendline, and in last two days on back of some sgressive buying it is attacking the Kumo again. Tenkan is above Kijun, Chikou is above past candles, so the setup is good for long.
- Heikin Ashi signal is bullish.
I'd suggest to try to catch some dip, and buy ard 499-504 range if possible. Possible tgt 560+, initial stop below 480.
p.s.: while Wheat looks quite ok for a long, Soybeans and Corn setups are not that optimistic yet.
- Ichimoku setup is bearish, Price is below all averages.
- Heikin Ashi has been showing undecision in 475-515 range for the last 3-4 weeks. However haDelta/SMA3 may cross back up above zero line and it has still a bullish bias. HA Oscillator is bullish.
- We may see a pull back towards weekly bearish supports between 555-575
Daily:
- Ichimoku setup has good chance to turn bullish soon! After breaking the shorter term bearish trendline, Price tested the Kumo, then fall back to retest the broken trendline, and in last two days on back of some sgressive buying it is attacking the Kumo again. Tenkan is above Kijun, Chikou is above past candles, so the setup is good for long.
- Heikin Ashi signal is bullish.
I'd suggest to try to catch some dip, and buy ard 499-504 range if possible. Possible tgt 560+, initial stop below 480.
p.s.: while Wheat looks quite ok for a long, Soybeans and Corn setups are not that optimistic yet.
