Wheat Target 1222-1268
As an upward C of B wave in a flat correction, this rally should retrace about 90% of the wave "a" segment that constituted most of the recent decline from the all-time high.
This analysis will need to be revised if price falls below 593, because that it is the thrust origin for the rally, so that would be an ideal stop loss level for a long trade here.
This analysis will need to be revised if price falls below 593, because that it is the thrust origin for the rally, so that would be an ideal stop loss level for a long trade here.
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