Wheat Futures Under Pressure – Breakout or Breakdown ?

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  • Higher red bars (selling volume) in recent declines indicate strong selling pressure.
  • Support Zone: Around 5400-5500 (recent lows, lower Bollinger Band).
  • Resistance Zone: Around 5800-6000 (upper Bollinger Band, previous swing highs).
  • A failure to hold above 5500 could lead to another retest of recent lows (5200-5300).


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