| This technical analysis shows that on a lower (4 hour) time frame, ZW has broken out of an ascending wedge. The next probable target, in my opinion, is the 700 round number. However, investors or traders of wheat related assets may want to time their entries with a possible retest, while willing to pay a price that it might not do that and miss their entries. A balanced approach might be to scale into the trade. Trade at you own risk and visit ForexLive.com for additional views. https://www.forexlive.com/technical-analysis/wheat-futures-price-forecast-analyzing-the-technicals-and-potential-targets/ |
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