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NewsSignals AI analysis·Reuters·

CBOT wheat may fall toward $6.13-1/4

Grade Bbearish AI signal$ZW
CBOT December wheat faces further downside after breaking below key support at $6.47-3/4 per bushel, with technical analysis pointing toward $6.13-1/4. The hourly chart identifies $6.31-1/4 as an intermediate downside target, while $6.40-1/4 is immediate resistance and $6.47-3/4 has become resistance. Wheat futures could remain under bearish pressure if resistance holds, with a break above $6.40-1/4 potentially opening a short-term recovery toward $6.42-1/4 to $6.45-1/2.

Bullish strength: 20/100

  • A break above $6.40-1/4 could open a recovery toward $6.42-1/4 to $6.45-1/2.

Bearish strength: 80/100

  • Wheat broke below support at $6.47-3/4.
  • Technical analysis projects potential downside toward $6.31-1/4 and $6.13-1/4 per bushel.
  • $6.47-3/4 is now identified as resistance.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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