11th Jul - Wheat Breaches 76.4% Support
11 July 2014
WEEKLY CHART –
CONTINUATION:
This year saw a good rebound off
the long term 76.4% retracement
support. However, the bulls went
home and, now, this support has
been violated, with the 2009
425.25 low becoming the focus.
DAILY CHART – Sep-14:
The current downleg has
breached the Jan 565.50 low, with
little sign of bear fatigue yet. The
next target on this chart is the
Fibo projection at 450.00, slightly
above the 2009 low.
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04th Jul - USD/CAD at Pivotal Support