ZW1!
Wheat might be lining up for a retrace rally.
Wheat appears to have built out a descending wedge while also printing bullish divergence on the RSI.
Price has finally broke the wedge, retested, and continued moving higher.
In that move higher, price has broke through the major descending fork that has held price for the last 3+ months.
In addition, the Perry Kaufman Adaptive MA just printed a "Buy" signal. ( Thanks, @blackcat1402 )
I'm expecting price to continue higher up to the trigger-line of this descending fork.
Plotting an ascending minor fork on the chart to project a path higher, a move to the .618 Fibonacci retracement level appears to be a likely target area.
Target = 1076 USX aka $10.76
Fat_Fat