Here is another example of price coming back to the major breakout pt. I think I mentioned this May Wheat the other day regarding this set up. Nice round number of 800 to boot. This is not the best example such as Sugar was as after the breakout on W over 800 price did test it in Jan and again in Feb. No guarantee this breakout pt support will hold once again but always worth a bet of some sort. Lots of traders and programs have this price pt on the radar if nothing else and often enough that's what's really important. Not just crop reports and other b.s. reports. If traders buy it here then it will go up come hell or high water. Nothing else much matters as the only reason prices go up is more buyers than sellers. See how price is battling to hold at this price point. I'm sure there are some strategies that could cover both sides of whether this support holds or breaks down too but I'm not that clever.................Strangles perhaps?