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Wheat (ZWU22) is trying to halt the deep slide since the 2022 peak in May. With the near completion on a descending wedge (on the daily chart), and ZW testing the 2022 low, odds are elevated for a bullish...
In the past two weeks we have seen a $1.80 rally in six days that was set up by the long term swing point and making a slightly lower low after hitting 38.2% above causing a slingshot move higher.
The Charts below are natural support and resistance levels that are based on W.D. Gann's "Law of Vibration".
TOP50’sTOP10 (AVAXUSD, BNBUSD, XTZUSD, ETHUSD, ATOMUSD, MANAUSD, FTTUSD, BTCUSD, CROUSD, MATICUSD)
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Upside target around 153 4/32.
Downside target zone (2.6143-2.5129).
Resistance between 21.13 and 22.34.