Top of the first price target zone (T1 zone) on /ZW (wheat futures) has been hit for a quick 1-day gain of 1.5% & the next buy signal to come on a solid break above it. Reaction here or not, my preference is to sit tight, holding out for the additional price targets at this time. Previous & updated 120-minute charts of /ZW below followed by the previous & updated 60-minute charts of WEAT (wheat ETN).
ZW 120m Jan 23rd
ZW 120m 2 Jan 23rd
WEAT 60m Jan 23rd
WEAT 60m 2 Jan 23rd
Please click on this link to see my reply to a question posted earlier today regarding the various charts I post on wheat: https://rightsideofthechart.com/zw-weat-swing-trade-idea-1-23-26/#comment-37803