Did you weed out Wheat from your Portfolio?

I see more of a buying opportunity coming up than a sell, though the latter is also possible.

Again, commodities trading is volatile so prepare your SL and capital management properly.

Trade cautiously.

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wow, it breaks out from the neckline and is now retracing. let's see if the price can sustain above 5324 before we take a buy position.

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It is a false breakout. Now, it is back to the range move.If you are comfortable, you can sell else wait

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I hope you guys that longed this has taken your profits if not full, partial. Now the price is back to the initial price level at the neckline.

Let's wait a while more before buying as the last 3 red candles signal the sellers are coming in strongly. Selling pressure is still present in the air.

chinadaily.com.cn/a/202002/24/WS5e53167ba310128217279a2c.html
Plus , this news if true is not good for China as it will cause further damage to its food crops and possibly threaten its food security which US-China trade war saga has just ended and caused much inconvenience and losses to both sides.

Watching this closely...

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once again, treat this asset as investment and not trading and you will be handsomely rewarded.

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Praise Lord, for those who has the patience and ride the volatility, you are rewarded handsomely.

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Those who are patient and followed my trade call last year would be happy to know their commodities are doing well.

dchua1969

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dchua1969