Drag by the global demand slow down concern and the rising US Dollar, agricultural commodities have been going south and they are to accelerate as suggested by technical chart, I expect Wheat to head south until $505 level as momentum picking up, same story for Corn, its looking toward $360 area before support kicks in.Wednesday, October 15, 2008
Wheat and Corn Futures To Accelerate Down Side Movement
Drag by the global demand slow down concern and the rising US Dollar, agricultural commodities have been going south and they are to accelerate as suggested by technical chart, I expect Wheat to head south until $505 level as momentum picking up, same story for Corn, its looking toward $360 area before support kicks in.
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