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Wednesday, April 22, 2015

US Wheat Futures - May 15 - CBOT / CME - 22 Apr 2015

Wheat Weekly Best Buy level & support @ 501, Resistance @ 508.15, A break above 515.30 Upside target capped @ 531.60 - 538.80.  However, a crack below 493.80  downside capped @ 477.30 - 470

Now @ 500.50 

Daily Trend - Firm Bullish 

Strategy

Wheat has made numerous 15 to 30 mins bearish patterns, which needs to be completed before the emerging daily or 1440 mins bullish pattern "Ascending Triangle"  kicks off

Buy Wheat @ 501 average if get 495 for target 508 - 515




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