March SRW wheat futures a buying opportunity on fresh price strength.
See on the daily bar chart for March soft red winter wheat futures that prices Monday hit a four-week high and a bullish “rounding-bottom” reversal pattern has formed. A move above chart resistance at $6.70 would become a buying opportunity. The upside price objective would be $7.00, or above. Technical support, for which to place a protective sell stop just below, is located at $6.55. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.
