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CBOT wheat may seek support at $5.36-1/4

The support is provided by the 61.8pc retracement of the uptrend from $5.01-3/4 to $5.92-1/2. SINGAPORE: CBOT
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By Reuters
  • The support is provided by the 61.8pc retracement of the uptrend from $5.01-3/4 to $5.92-1/2.

SINGAPORE: CBOT March wheat may seek a support at $5.36-1/4 per bushel and bounce towards $5.47.

The support is provided by the 61.8pc retracement of the uptrend from $5.01-3/4 to $5.92-1/2.

It may trigger a pullback towards a rising trendline.

A break below $5.36-1/4 could cause a fall to $5.23.

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