TECHNICALS — CBOT wheat may fall into $6.54 — 1/4 to $6.59 — 3/4 range

For more technical analysis, click TECH/C SINGAPORE, Oct 14 (Reuters) — CBOT December wheat may fall to $6.54-1/4 to $6.59-3/4 per bushel, according to a projection analysis. The bounce triggered by the support at $6.63-1/4 has completed, as indicated by the deep fall from $6.81 and a break below the rising trendline. The projection analysis on the downtrend from $6.91-1/2 marks the target range formed by the 161.8% and the 138.2% levels. Resistance is at $6.68-1/2, a break above which could lead to a gain into the $6.71-3/4 to $6.74 range. On the daily chart, the market is about to break a support at $6.68-1/2 and fall toward $6.38-1/2. Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are published exclusively on Workspace -- a platform provided by London Stock Exchange. * 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. ​ wz tech (Reporting by Wang Tao; Editing by Rashmi Aich) ((wang.tao@tr.com; +65 69