CBOT SRW Wheat: Technical Reversal & Pullback

Klarenbach Grain Report Chart of the Day

CBOT SRW Wheat

Several reasons for this ugly daily candle.  

A reversal candle, by my definition.

Likely some shorts got squeezed.

Technically, selling at resistance is a common, effective strategy.  

Look for a 1-4 day pullback and reassess.

Join 3,500+ farmers getting sell signals and technical roadmaps here:

Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report,  Klarenbach Special Crops Report, The Daily Board and The Daily Kernel newsletters.                                                                                                                                                                                                                                                                                                                                                                                                   

Klarenbach Research                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Sign up below for a FREE trial of our newsletters

https://www.klarenbach.ca