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Technical Forecast for Wheat

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Technical Forecast for Wheat

 


Wheat for December did push higher to 672 where we predicted a high for the day & we topped exactly here. This trade should work again today but shorts need stops above 674 as we could then continue higher towards 678/679 for a selling opportunity.


 


Below 666 risks a slide to this week’s low of 662. We are in a bear trend so a break lower always possible for support at 660/59 then 654/53 today.

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Posted-In: Commodities Markets Trading Ideas

 

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