TECHNICALS — CBOT wheat may fall to $6.97 — 1/2

For more technical analysis, click TECH/C SINGAPORE, Sept 24 (Reuters) — CBOT December wheat may fall to $6.97-1/2 per bushel, as suggested by a bearish wedge and a projection analysis. The pattern has been confirmed, indicating a further drop toward $6.97-1/2, the 114.6% projection level of a downtrend from $7.43-1/4. A break above $7.08-3/4 may lead to a gain into the $7.12-3/4 to $7.18-1/2 range. Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are published exclusively on the Workspace platform, a London Stock Exchange product. * No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses. ​ tech (Reporting by Wang Tao; Editing by Rashmi Aich) ((wang.tao@tr.com; +65 6973 8364/9188 4196 (Whatsapp)