March 16 Wheat- Daily Bar
The short signal was elected today based on the signal generated by the Key Reversal off of the Over Bought Stoch and Negative Divergence. However, that position would have reversed to Long on the Outside Day created from the Inside Day on 9/29/2015. This puts traders back into a position in agreement with the Positive Aspect and upward sloping Trend Channel. The next area of Resistance will be 521^6 (.375) and then 533^0 (.445). This has been a pretty robust uptrend channel, so a Two-Bar Trailing stop would be suggested for the time being.
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