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Jim Wyckoff

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Wheat Bulls are Fading This Week

August 22, 2018 by Jim Wyckoff

The soft red winter wheat futures market fell to a three-week low Wednesday, on good follow-through selling pressure from losses suffered earlier this week. The wheat market bulls have faded badly this week and more downside price action to end the week would strongly suggest the market has put in a near-term top. See the support and resistance lines on the chart. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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