Wheat CME: Good Support At 691/690
Jason Sen | Mar 31, 2014 03:27AM ET
Wheat spent all week within Friday 24th's range of 687-718/719. Below 697 today we are meeting good support at 691/690. Any longs here need stops below 687 for a test of good support at 684/683 and the next buying opportunity.
Immediate resistance at 698 but above here we could reach 712/713 before last week's high at 718/719. Above here meets longer term Fibonacci resistance and March highs at 723/725 which is expected to hold again if tested this week.
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