CBOT wheat may fall into $7.07-1/4 to $7.13-3/4 range
CBOT December wheat (WZ26) may break support at $7.23 per bushel and fall into a range of $7.07-1/4 to $7.13-3/4.A wave c from $7.62-1/2 has travelled to its 61.8% projection level of $7.23. It may either end around $7.23 or extend to $6.98-1/2.Both a wedge and a pennant suggest an extension of thi…