Daily Chart
Wheat price jump on the first day of May but will be hitting resistance soon...
Weekly Chart
Wheat has broken the 5 years downtrend line in Feb'17 but it still moving within the rectangle box. According to Wheat past 20 years seasonal chart, it tends to hit peak during May and then falling fast until Jun. So I expect the top rectangle box is at its peak this time, then it will drop to bottom rectangle box, before it accelerates to breakout the rectangle box after June.