WHEAT support

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WHEAT Futures

We have discussed Ukraine as the breadbasket of Europe on the weekly webinars and saw price move up parabolically as the Russian invasion of Ukraine has started.

Price has settled down since then and is currently at a support zone of 1034.
Break of 1034l and price could fall to 972.
Break of 972 and price could fall to DVI.
However, a move up at some point is still likely, assuming nothing changes with Russia and Ukraine.

Let’s go trade!