Wheat continued higher as expected to October highs of 722 but held just below the longer term Fibonacci target of 725/726. A high for the day & for
Wheat CME May contract Daily Forecast - 21 March 2014Wheat continued higher as expected to October highs of 722 but held just below the longer term Fibonacci target of 725/726. A high for the day & for the week could be expected here on a retest today after such a good bull run.
Immediate support is 698/697 but below here meets 683/682 which should hold the downside. However on a break lower look for a retest of the low this week at 671/669.
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