Short Again for Wheat

This chart shows why the grains markets keep me so busy trading. I don't know why, but prices frequently reverse at the prior day's settlement price (light blue dotted line), as shown in this chart. Note once again that the Klinger Volume indicator has turned, but had not yet crossed below its moving average. It had lost momentum, however. This is an example of when the Klinger Volume indicator at times doesn't demonstrate its leading nature.

Keep in mind also that on the 15 minute chart, the EMA will continue to provide support and upward price pressure.