Wheat has retraced 78.6% of the advance from December 2020. It’s nearly oversold, it may have a little further, down to the trend line at $6.10 but the ‘fat part’ of the short trade has been had. On a weekly basis, other technicals suggest similar metrics, coincidences of touching a 50 Week Moving Average, reaching … Continue reading ‘Fat Part’ of Wheat’s short has been seen