CBOT December wheat eyes resistance near $7.38-1/4
CBOT December wheat (WZ26) is expected to test resistance at $7.38-1/4 per bushel; a break above could target $7.47-1/2 to $7.53-1/4. The prior fall from $7.62-1/2 is described as breaking into five waves, suggesting completion of a larger wave.
53-1/4 area. 62-1/2 may have been broken into five smaller waves, a pattern that would point to the completion of a larger wave c. The completion wa…