The Grain Bull Market

Wheat looked like it completed a H&S top a few days ago.

When you look at the big picture though, you could have seen this was a bear trap. That is because the grains are in a bull market. Before most people even realize we are in a bull market it will be over. As an example take rice (one of the few markets I rarely trade).


The problem with trading the grains are the wild movements they experience from day to day. This can cause sleepless nights. If wheat makes a daily close above 6.15, this will confirm a H&S failure pattern. I will add to my long position.