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Wheat breaking down - first trading hour Wednesday 11/18/2020 09:57:00 AM GMT Tweet

Wheat (ZWZ20) December contracts opened with a slight push up and after hitting high of the day went lower during the first trading hour. Here's a great example of drawing support line and waiting for price action to break lower for an enter and profitable trade.

From the very open of the market the price hit support at $5.97/bu and tested it going lower after the first 30 mins of trading. A small pull up and second test of the support and the break down for an instant entry. 

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