
This is what I wrote 3 days ago about $wheat
“On May 26, it closes the quarterly cycle but could slip by a few days to look for a low at 637,or better for us at 607”
Well, yesterday the $wheat reached 638.06 and it returned to rise, saying that it was perfect It is limiting 😅, I did not enter long for just 1 tik, but this is not what interests me, what interests me is the precision with which the price behaved in collaboration with the 4-month cycle, don’t you agree? Now I expect a rise around 683 (50% Fibonacci of the last quarterly vector), and then a closure of the quarterly cycle around mid-July. Let us remember that around 2 August also closes the annual cycle, so the decline could be very decisive, but we will evaluate everything the next month. 😉