Our preference: SHORT positions below 650 with 637 & 631 in sight.
Alternative scenario: The upside penetration of 650 will call for 655 & 661.
Comment: as long as the resistance at 650 is not surpassed, the risk of the break below 637 remains high.
Monday, September 16, 2013
Wheat (Dec 13) intraday: under pressure.
Pivot: 650.00
Our preference: SHORT positions below 650 with 637 & 631 in sight.
Alternative scenario: The upside penetration of 650 will call for 655 & 661.
Comment: as long as the resistance at 650 is not surpassed, the risk of the break below 637 remains high.
Our preference: SHORT positions below 650 with 637 & 631 in sight.
Alternative scenario: The upside penetration of 650 will call for 655 & 661.
Comment: as long as the resistance at 650 is not surpassed, the risk of the break below 637 remains high.
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