Hi mtb,

Wheat has had a rocky road for quite a while.  When all the other grains were making new highs, wheat wasn't.  I still think that it wants to trade below the failed structural lows, but if it does not have the energy to do it, it will seek it.  The latest rally is "fake" as of this writing - just like the corn one was.  If it cannot confirm with solid new lows, it becomes a magnet. Above that you have another pivot that is questionable.  Both of these tapped two energy zones to get back toward the lows. There is little there now to stop this market til we bag the next level with is quite a bit higher.  I guess I am just saying that when it gets going, the rally will be much bigger than the previous two.  Tapping that energy zone above us may provide the energy to get us to those really low levels - so when it happens, take advantage of it the prices.   It might be a couple years before you see them again.