CBOT December wheat may extend loss into $6.72-3/4 to $6.78-1/2
Technical analysis says a wave C could extend below the 138.2% level of $6.88, with resistance at $6.93-3/4.
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CBOT wheat may extend loss into $6.72-3/4 to $6.78-1/2 range
CBOT December wheat (WZ26) may extend loss into a range of $6.72-3/4 to $6.78-1/2 per bushel, driven by a wave C.A projection analysis reveals an extension of this wave below the 138.2% level of $6.88. Experience suggests a further development of this wave toward $6.78-1/2.Resistance is at $6.93-3…