We would look to our generous resident chartist in Mr Risk for...

We would look to our generous resident chartist in Mr Risk for guidance but it would seem as though wheat could possibly rally to around 650 and at that point probably head back into the downtrend channel clearly evident on the weekly.  Short term bullish drivers - Russia/Ukraine conflict/drought.  US drought.  Chinese drought.

http://oi60.tinypic.com/25g7z2u.jpg">