Outlook For Wheat

WHCBT-M 8-13-2013

Wheat is still position to move into a low for September where we have a Monthly Directional Change. We do have a important Monthly Bearish Reversal at 604250. That is the major closing support to watch. Only a monthly closing beneath that would point to a drop down to the 580250 level.

WHTDOR-M 8-13-2012