Dec Wheat Futures Hit 700: Pivot or Resistance?
Klarenbach Grain Report Chart of the Day
DEC Daily
Daily close at 700
A nice round number.
The second consecutive close above the 61.8 percent retracement.
It could be big.
Or it could be a pivot point.
As my friend Spud would say, "It's a 90/20 probability; we find resistance at this level."
The weekly close matters more.
That is in two days.
Have fun.
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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report, Klarenbach Special Crops Report, The Daily Board and The Daily Kernel newsletters.
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