11 December 2012

Wheat : Trying to Break Down Again

  • Been on alert for reverse periscope price action in Wheat for quite some time already. [18Nov and 28Nov posts].
  • Another attempt going on now, trading around 831. A big impulsive down candle with a daily close some way below 835 would qualify as a good downside break.
  • Reckon downside target somewhere in the low 700s if the break occurs.

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