The WEAT (wheat ETN) Active Long Trade hit the first price target, T1 at 5.26, for a quick (5-session) gain of 3.5% shortly before the close yesterday. T4 remains the final target for now with potential with reactions likely at each target as well as a decent chance for a reaction on the initial tag of the downtrend line between T1 & T2 as well. Previous & updated daily charts below.
WEAT daily June 30th
WEAT daily July 9th
Likewise, /ZW (wheat futures) has hit the 520.321 target & has been consolidating around that level in what may prove to be a bull flag continuation pattern, with /ZW gaining 6%, or about $1,500 per contract, so far from where it was posted as an objective long entry along with WEAT last Tuesday (first chart below).
ZW 60m June 30th
ZW 60m July 9th