11th Apr - Wheat Reaches Long Term Support Line
11 April 2013
WEEKLY CHART – CONTINUATION:
The drop back from last year’s high has now tested the rising support line – can the market rebound?
DAILY CHART – May-13:
Following pullback from resistance provided by the 745.25 11-Jan low, and test of the 665.00 May-12 low area, there is still a positive RSI divergence. This latest sell-off just might prove to be a final blow-off move prior to a better recovery attempt.
Such a situation would look likely after a recovery through the 741.75/745.25 area, with buyers then encouraged to enter on s/term dips.
Next story:
11th Apr - USD/JPY Reaches 50% Retracement Level 
Previous story:
05th Apr - EUR/USD Pullback Nears Key Support