On Thursday, September 20, wheat contracts showed little activity at European and American trading grounds. In London wheat has risen by 0.6 percent, in Paris it has dropped by 0.1 percent. As for the USA, wheat has risen by 0.3 percent in Chicago and by 0.2 percent in Kansas City.
According to the results of the trading session, at Chicago Board of Trade wheat has added 2.25 cents, having amounted to 8.82 dollars per bushel instead of 8.7975 dollars. In Kansas City quotations have risen by 2.25 cents – to 9.11 dollars per bushel.
In London November futures have dropped from 206.35 to 205.1 pounds sterling per ton. In Paris contracts have risen from 261 to 261.25 euro per ton.
On Wednesday prices for wheat have risen both, in Europe and in the USA. In London prices have risen by 0.6 percent, in Paris – by 0.8 percent, in Chicago – by 0.7 percent, and in Kansas City – by 1.1 percent.
Wheat future is supposingly forming correction within the second wave. Final impulse growth within wave [c] is required for the end of correctional pattern. The level of resistance is provided by round point 900.00. If the level of support 860 is broken, third down wave may be formed.
