The cmdty National SRW Wheat Price Index (SWPI, weighted national average cash price) posted a bearish outside range during January, but still came up short of completing a clear bearish reversal that would confirm a new major (long-term) downtrend.Heading into February initial support is at the previous 4-month low of $6.6089 with resistance the previous 4-month high of $8.0942. The most recent signal by monthly stochastics was a bearish crossover above the overbought level of 80% at the end of February 2021. This tells us the major trend should eventually turn down, with the SWPI waiting on a reversal pattern.