Edition 17 | #Wheat

WHEAT (ZW)
– Investment Strategy SHORT
– Bear spread ZWU19-ZWN19

I expect to reach strong S/R 550 very soon. Then could come selling correction. Be prepared! I built a bear spread ZWU19-ZWN19. There is still a chance, that the price in Wheat will rise to 550. Therefore I wait for good timing. However, it is good to have a plan already. I await an entry about 5,0, SL 4,0 ($50) and PT 10,0 ($250).


Historical

Historical chart on TradingView.com


ZWU19-ZWN19 – Bear spread

Spread chart on TradingView.com


COT analysis

COT analysis on SpreadCharts.com


Seasonality

Seasonality on SpreadCharts.com


Seasonality averages

Seasonality averages on SpreadCharts.com


Trade management
Enter:    5,0

SL:         4,0 ($50/contract) 
PT:         10,0 ($250/contract)

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