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31st Oct - Wheat Recovery Stalls at Dual Resistance

31 October 2013

WEEKLY CHART –

CONTINUATION:

Prices recovered from support

provided by the projected channel

base and 61.8% retracement

level. Initial resistance on this long

term chart has come from the old

support/return line at 716.00 just

now. Also see Daily chart.

DAILY CHART – Dec-13:

Recovery from the Aug low saw

an initial violation of the bear

channel top, but has subsequently

stalled at the 23.6% retracement

in the 700.00 area.

A later break higher would be a

bull signal and invite higher

targets, such as the 741.50 38.2%

level next.

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31st Oct - EUR/CHF Trying to Recover off Support

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25th October - How far will Oil slip?

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