CBOT wheat may bounce further into $7.03-1/4 to $7.08-3/4 range

CBOT December wheat (WZ26) may bounce further into a range of $7.03-1/4 to $7.08-3/4 per bushel, as a five-wave cycle from $7.36 may have completed.The completion was suggested by the wave structure and a break above a falling trendline. Strategically, the target zone will be confirmed when the mar…