KC HRW Wheat DECEMBER 2020 – breach of a trending resistance line that has been tested at least twice before.

KC HRW Wheat DECEMBER 2020 has broken through the resistance line of a Ascending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to be around 558.2580 within the next 11 hours.