weekend charting 26/27 february, page-6

Thought I would put this in early. Been playing with it all week and wish I'd seen the big drop coming. Think it would have been apparent to me after awhile.

Wheat over forty years

My feeling is to largely disregard the spike to the 1200 area as an anomoly, not likely to occur again for a very long time, but it is after all on the chart in front of us and I guess could be a target again someday.

Wheat one year

It looks likely that wheat might stop here at the 61.8 fib and bounce back up as it doesn't seem to linger at any price for very long. Of course, it is possible it could continue to plummet, and my floor price is well below 600.

ps prt is playing havoc with my charts, saving doesn't seem to help; probably missed a few bits while resurrecting them.