Hello Wyatt, Hope all is well.
I've been long for what seems like forever on wheat... Currently averaged in just under my nose. I'd like to add another contract... maybe in the July since we are getting close to moving over in a couple of weeks.
This next week is a turn date... that could be intraday or on a weekly closing basis. The red trading cycle suggest that a low is likely to be established. Shoot. I may have to just roll everything over this week. If the market closes the week over 611'4 that would signal a bounce is forming... Then you'd want to see it close over 641'6 on a weekly basis for a really nice rally.