Wheat for December hit our target of 681/683 & hit a high for the day exactly here as predicted then plunged to retest the 666 low for this contract. We bounced nicely to confirm a bottoming pattern & can look for a rally in to the end of the week. A break above 681/683 resistance looks likely today for 687/688 & a possible stretch as far as 691/692. Look for a high for the day here.
Immediate support is at 677/76 but below here 670. With the outlook more positive we should see the downside more limited but below here a retest of the 666 low for this contract is likely.
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