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.
Next story:
31st Oct - EUR/CHF Trying to Recover off Support ![]()
Previous story:
25th October - How far will Oil slip? ![]()

