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Tech Guy March Wheat Comments 12/5/22

Friday's low of 755.75 in March Wheat did not hold support today. We have traded as low as 743.75 this morning. The weekly low (also the continuation low - Sep 22 contract) - last August 18th was 725.75. This is the next big support level which would also be a weekly double bottom. This is less than 20 cents below today's low.

Please see the up to date daily continuation wheat chart below.

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