WHEAT

ZWZ20

Wheat has now had a few close's above our long term swing point of 590.00, this is 23.6% back to the 2008 high and 38.2% back to the 2012 high and just below it, at 585.00 is a major Gann square, as long as they continue to close above 585.00 look for the long term target of 731.00, this is 38.2% back to the 2008 high. Before this look for resistance at the 650.00 major Gann square. With a couple close's back below 585.00 look for the area of 540.00 to 530.00,in this area is 38.2% back to the 2019 low, 61.8% back to the July Low and a major Gann square.