Markets
CBOT wheat may retest support at $5.50
- The drop from the Monday high of $5.78-1/4 has adopted a five-wave mode, which indicates the development of a zigzag or a medium-term downtrend.
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SINGAPORE: CBOT December wheat may retest a support at $5.50 per bushel, with a good chance of breaking below this level and falling to $5.43-1/2.
The drop from the Monday high of $5.78-1/4 has adopted a five-wave mode, which indicates the development of a zigzag or a medium-term downtrend.