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After testing 475.7500 numerous times, KC HRW Wheat DECEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?

The breakout of KC HRW Wheat DECEMBER 2020 through the 475.7500 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of KC HRW Wheat DECEMBER 2020 to test 458.7000 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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