December Wheat tested the confluence of support provided by the intersection of the downward sloping median line and upward sloping parallel line. This is the third test of the support and the market is rebounding with good momentum as well as forming a three-bar reaction swing. The price action is suggesting Wheat is ready could begin to accelerate higher from this support. It time to buy when the market reached the trigger price at $6.46
December Wheat - click to enlarge
