Wheat ETF In The Coming Weeks
Mike Macdonald | Dec 15, 2014 01:21AM ET
There has been no change in the trend, with prices tracking steadily higher towards the USD13.30, (38.2%) retracement of the May-October fall. A period of consolidation is possible before prices manage to clear here, but a later break will open up the USD13.49 high of August, with USD14.00 thereafter. Support into limited losses is raised to the USD12.35 low of 11 December. Any unexpected break should stabilise above congestion around USD12.00, as background studies remains positive.
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