Chicago SRW Wheat Move is Taking Break
Chicago SRW Wheat finds sellers at the confluence of the previous Dec 2023 resistance and the 0.50 Fibonacci Retracement level.
Coincidence?
I think not.
How long before the price breaks above 650?
Will it pull back to the 620 level first?
We think it will.
Trent Klarenbach, BSA AgEc, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.
Klarenbach Research
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On the date of publication, Trent Klarenbach did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.