TECHNICALS:

WEEKLY CHART:

The pullback from 61.8% resistance on the Weekly chart has so far stuck at the 23.6% retracement area. So far the market has shown reluctance to move away from this.

DAILY CHART:

An earlier rally found resistance from the old rising support/return line (now just above 0.9600), and this remains resistance that sidelined bulls would like to see broken.

The 0.9210 17/18-Oct low is acting as support for now, but further losses would be signalled on a break below this.

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13th December- Watch the Euro's strength trigger more buying

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12th Dec - Wheat Finally Breaks 38.2% Support

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