date:Jul 02, 2013
d technical resistance at $7.00 a bushel. The next downside price breakout objective for the wheat futures bears is pushing and closing prices below solid technical support at the contract low of $6.50. First resistance is seen at Mondays high of $6.77 1/4 and then at $6.88 1/2. First support lies at Mondays contract low of $6.66 1/4 and then at $6.60. Wyckoff's Market Rating: 1.0.
December HRW wheat closed up 2 1/4 cents at $7.12 1/2 Monday.
Prices closed nearer the session high and hit a f