Wheat. The price of WHEAT dropped to $760. We marked this level as a point of cancellation of our priority scenario, in case the price continues to fall, most likely wheat will continue to decline to $600. We’ll inform you about the changes in our wave counting in the near future, at the moment we stick to our view: this is the growth of WHEAT to new highs, but we do not exclude that it will have to be corrected.
@corbella, We took into account the form of movement that was in 2008. It looks predictable to repeat. Against the background of rising inflation and political world events, wheat prices may rise strongly, which is in line with our counting. We don’t argue with the market, therefore we always consider alternative scenarios to ours, and show the scenario cancellation.