July SRW Wheat Futures a Buying Opportunity on More Price Strengt
See on the daily bar chart for July soft red winter wheat futures that price action late this week has been to the upside to give the bulls some fresh upside technical momentum. A move in prices above chart resistance at $7.10 would provide the bulls with better upside momentum and it would also become a buying opportunity. The upside price objective would be $7.50 or above. Technical support, for which to place a protective buy sell just below, is located at $6.90. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.
