Yep agreed. I see no divergence yet on Wheat so wouldn't go long
until this happens. Surprised the pullback has been so deep in
Wheat but you gotta read the tape and it looks bearish.....until it
isn't! Trend firmly down
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The July contract of Wheat
Wheat
Posted by EricK on 4th of Jun 2026 at 01:31 pm
The July contract of Wheat is almost at the 200sma, if it fails there then I can see it developing sort of a downward channel there
Yep agreed. I see no
Posted by vimal on 4th of Jun 2026 at 01:48 pm
Yep agreed. I see no divergence yet on Wheat so wouldn't go long until this happens. Surprised the pullback has been so deep in Wheat but you gotta read the tape and it looks bearish.....until it isn't! Trend firmly down