Wheat Is Hanging on by a Thread
CBOT:ZWN2022 WHEAT FUTURES (JUL 2022)
Technicals: Wheat futures are on the verge of a bigger technical breakdown if they cannot get back into positive territory today. The next support level below here doesn’t come in until 925-930, with the more significant pocket not coming in until 897-902.
Previous Session Bias: Neutral/Bearish
Resistance: 1027 ¼-1034 ¼****, 1095-1102****, 1142 ¾-1150***
Support: 960-967 1/4**, 925-930**, 897-902***
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