16th Jan - Wheat Slide Nears Dual Support
16 January 2014
WEEKLY CHART – CONTINUATION:
Weakness continues, after earlier breach of the channel base. With 61.8% retracement now violated attention has turned to the 548.45 76.4% level for possible support. Now see below.
DAILY CHART – Mar-14:
The channel base tried to provide support but failed. On this chart note a nearby Fibo projection at 546.00, as possible support, coinciding nicely with the long term 76.4% level on the Weekly chart. We now look closely for possible/probable support around here.
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11th January - Gold is interesting but not yet convincing