Tuesday, October 13, 2009

Update Wheat future december 2009 contract long

It looks like I was right and wheat took of to a high of 513$ or a profit of 3.84% or 17% with the leverage of 4.43. The current price of 509.75$ is around the 23.6% Fibonacci level of 507.32$. Next stop if it will climb so high will be 549.37$. RSI is getting near to the overbought area so watch out the following days.

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