Tuesday, 16 October 2012

Peter Brandt: Chicago Wheat is building a potential top. A decisive close below 849 seals the deal.

Should the market close below 849, then only a close back above 894 would return the trend to sideways or up. I would want the breakdown day to close clearly in the lower 1/4 to 1/3 of the daily range to gain confidence in the trade.

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