date:Apr 16, 2014
ng: 5.5.
May HRW wheat closed up 22 cents at $7.41 1/2 Monday. Prices closed nearer the session high and hit a two-week high today. The wheat bulls today regained the slight near-term technical advantage. Bulls next upside price breakout objective is pushing and closing prices above solid technical resistance at $7.68 1/2.
The bears' next downside breakout objective is pushing and closing prices below solid technical support at $7.00. First resistance is seen at todays high of $7.50 1/4 and th