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KC HRW Wheat DECEMBER 2019 has broken through support of a Triangle. It has touched this line at least twice in the last 3 days.

KC HRW Wheat DECEMBER 2019 has broken through the support line of a Triangle. It has touched this line at least twice in the last 3 days. This breakout indicates a potential move to 396.7413 within the next 15 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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FRA40 is quickly approaching 5590.0000. We expect either a breakout through this line, or a rebound.

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