While not completely out of the woods just yet, the WEAT swing trade managed to avoid being stopped out by the skin of its teeth on several trading sessions recently, going on to breakout above this 60-minute price channel as well as the 6.50 resistance level.

WEAT 60-min Sept 5th

WEAT 60-min Sept 5th

Likewise, the outlook for /ZW (wheat futures) continues to firm up following the recent breakout above both the price channel followed by the 438 resistance level, which was recently highlighted as a significant resistance level last week (1st 60-minute chart below). Any pullback to test the 438 area from above would offer another objective long entry or add-on to /ZW or WEAT. The suggested stop remains any daily close below 6.40 on WEAT.