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$WHEAT (Wheat #大宗商品 , also known as #Tradefi , people often use more lofty words to describe old things) Analysis
On a higher time frame, Wheat has successfully broken upward, and the structure has changed. Commodities like wheat are long-term bullish.
Currently, at the 23-24 price level (where the second support and resistance have switched places), it has encountered resistance and is pulling back.
The yellow box (21.70-22.30) is a long-term buy zone.
If we close again below 21.70 on a higher time frame, the structure will be invalidated.
The second chart allows us to view the overall trend from an even higher time frame.
Remember: Follow the trend. If you are in the early stage of a market bull run, making money is even easier.