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After testing resistance twice in the past, Wheat DECEMBER 2020 has finally broken through. Can we expect a bullish trend to follow?

The breakout of Wheat DECEMBER 2020 through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Wheat DECEMBER 2020 to test 603.6458 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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Support line breached by FRA40. This price has been tested at least twice before.

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