Wheat:
Price has made a decisive move up during the past week and broke out of the descending price channel. The upper line of same price channel has been serving as resistance during the past 6 months and is considered to be support now. We are now looking for a pullback of price towards the supportive zone from where we expect price to make another impulsive move up to the 440 region.
Price has made a decisive move up during the past week and broke out of the descending price channel. The upper line of same price channel has been serving as resistance during the past 6 months and is considered to be support now. We are now looking for a pullback of price towards the supportive zone from where we expect price to make another impulsive move up to the 440 region.
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