TMV Swing Trading Report – Short May Wheat @ $7.84 – May Wheat traded up to the downward sloping parallel line and tested the 20-day EMA. The market reversed at the parallel line plunged to a new low, breaking below the February 23rd pivot low. I will have updated stops and target objectives in the next issue of the TMV Swing Trading Report.

May Wheat 60-minute chart

 

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