Wheat has completed a head and shoulder pattern.
Also of interest- The July continuous contract just completed a rounding bottom.
I went long at 6.20 with a stop at 6.10. Target is 7.
I have stated before that we are in a grain bull market. The only question is can I catch the trade and stay in it without getting whipped out. I am looking for another trade like soybeans.
Maybe this is the wheat breakout that starts the bull trend. Maybe not. That is what trading is though. A whole bunch of maybes.