Wheat Future. Strong down move reaching strong previous support.

3 May 2021

When price comes down this strongly it is hard to be a buyer. But we see lots of previous support down at current price.

I think a stop below 710 might make some money for you.

3 May 2021

Not

Wheat has put in an hourly hammer candle, showing potential for a bullish reversal. Some traders are taught to take the bottom of the wick as the stop loss for the trade.