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CBOT wheat may rise to $6.47
- The resistance is identified as the 186.4pc projection level of the wave C from $4.97.
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SINGAPORE: CBOT December wheat may break a resistance at $6.36-3/4 per bushel, and rise to $6.47, driven by a wave C.
The resistance is identified as the 186.4pc projection level of the wave C from $4.97.
Following its extension above $6.18-1/4, this wave is highly likely to travel to $6.75-1/2.
Support is at $6.29-1/4, a break below which could cause a fall to $6.18-1/4.