Cbot wheat may rise to $4.97-1/2 per bushel.
CBOT December wheat may rise to $4.97-1/2 per bushel, as suggested by its wave pattern and a Fibonacci projection analysis. The contract is riding on a wave C from $4.50-1/2, which is the third wave of a presumed three-wave cycle from the May 13 low of $4.42-1/4. This wave is expected to at least travel into a range of $4.97-1/2 to $5.26-3/4. It may extend into a higher range of $5.26-3/4 to $5.74 as well. The...
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