CBOT December wheat may retest resistance at $7.03-1/4
Analyst says a break above $7.03-1/4 could open a move toward $7.08-3/4 to $7.12-3/4. Support is seen at $6.88, with a break below $6.93-3/4 potentially triggering a fall to $6.88.
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CBOT wheat may retest resistance at $7.03-1/4
CBOT December wheat (WZ26) may retest a resistance at $7.03-1/4 per bushel, a break above which could open the way towards the $7.08-3/4 to $7.12-3/4 range.The contract has stabilized around a key support at $6.88, one of the possible bottoms of a downtrend from $7.43-1/2. The current bounce may co…