WZ10 – December Wheat (Last:735^00)

December Wheat (WZ10) price chart with targetsRussia is having its hottest summer ever, and the effect of this on the wheat crop has driven prices into a parabola.  But even parabolas must end somewhere, so let’s use 745^06 as a target, or 770^04 if any higher.  The derivation of both of these Hidden Pivots is shown in the accompanying chart.