Wheat MARCH 2020 is quickly approaching 511.0000. We expect either a breakout through this line, or a rebound.

Wheat MARCH 2020 is heading towards a line of 511.0000. If this movement continues, we expect the price of Wheat MARCH 2020 to test 511.0000 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.