This daily chart is also looking a little toppy from a short term perspective and as we mentioned with corn and beans we’re clearly still in an uptrend. Wheat has some minor support at today’s low and then the next level of support would come in where we’ve had multiple spike highs in the $5.86-$5.88 range. Since we broke out above that range that would be the next level of chart support if we would see a further correction. As far as overhead resistance we have turn to a longer term weekly or monthly chart to find levels of overhead resistance from a chart perspective. Highs this week at $6.16, the highest level in 6 years. The next level of overhead resistance would be the $7.05 spike highs from 2014. What we would like to point out today, all of our grain charts have not only made new contract highs for this year but they’ve also posted the highest level going back to 2014. With that in mind, with that in mind many of the chart watchers are eyeing up some of the previous highs and that is probably sending signals to many chart traders that there is significant upside potential in the grain markets.