Wednesday, June 2, 2021

Wheat Might Make Some Bread - Update 1



We formed a Doji candle today. You can see resistance from the 20sma above and support from the 3ema and 8ema below. Stochastics are still in the mid-range.

Technically today and yesterday formed a Bearish Harami candlestick pattern, but I don't believe its a message we're headed lower. A very inconsequential day. We may bobble between these support and resistance levels before breaking out. Of course, my preference would be to break out tomorrow.

Needless to say, we held our long position.




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