CBOT December wheat may bounce into $7.03 1/4 to $7.08 3/4, Reuters technicals
Reuters analyst Wang Tao says CBOT December wheat may extend a bounce into $7.03-1/4 to $7.08-3/4 per bushel, with key levels at $6.97-1/2, $6.88 and $7.16-1/4.
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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…