March HRW wheat futures show a buying opportunity as prices hit a three-week high. The moving average convergence divergence indicator has produced a buy signal. Wheat futures are on a five-day rally due to Black Sea supply risks and U.S. dry weather. A move above $5.35 would strengthen bulls with an upside target of $6.20. Technical support is at $5.00. Trading futures is volatile and risky, so investors should consider their financial resources before investing. Jim Wyckoff does not have positions in securities mentioned. (Source: www.barchart.com)

Read more at Yahoo Finance: Wheat Prices Are Headed for Their Longest Rally Since April. How You Should Play Futures Here.