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For more technical analysis, click TECH/C SINGAPORE, Oct 16 (Reuters) — CBOT December wheat may extend loss into a range of $6.54-1/4 to $6.59-3/4 per bushel, as suggested by a projection analysis. The market bounced several times around a support at $6.63-1/4, the 123.6% projection level of a downtrend from $6.91-1/2.
A projection analysis suggests December wheat may extend losses into $6.54-1/4 to $6.59-3/4 per bushel.
For more technical analysis, click TECH/C SINGAPORE, Oct 15 (Reuters) — CBOT December wheat may retest a support at $6.63-1/4 per bushel, a break below which could trigger a fall into the $6.57 to $6.59-3/4 range. The support caused two bounces. The second one looks much weaker, which has ended around a resistance at $
CBOT December wheat may retest support at $6.63-1/4 per bushel; a break below could expose the $6.57 to $6.59-3/4 range.
CBOT December wheat may retest support at $6.63-1/4 per bushel; the report says the price could extend into a $6.54-1/4 to $6.59-3/4 range.