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Date
 23/09/2021
News Source
 Business Recorder
Headline
 CBOT wheat may test resistance at $7.10-1/2

Business Recorder (23/09/2021) - SINGAPORE: CBOT December wheat may test a resistance at $7.10-1/2 per bushel, a break above which could lead to a gain into $7.16-1/4 to $7.25-3/4 range.

The rise on Wednesday suggests an extension of the bounce from the Sept. 10 low of $6.77. The bounce is riding on a wave c, which may end around $7.10-1/2 or extend to $7.25-3/4.


Support is at $7.01, a break below which may cause a fall into the range of $6.86 to $6.95-1/4.


Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.


Read more at https://www.brecorder.com/news/40122125/cbot-wheat-may-test-resistance-at-710-12



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