Commodities

Midday update for Wheat price 06-08-2020

2020-08-06 09:05:30 GMT (Economies.com)

Wheat price provides new negative trading now to keep approaching our waited target at 503.70, getting negative overlapping signal by stochastic that reinforces the expectations of achieving more decline, to keep our bearish overview that depends on the price stability below 520.20, while its targets extend to 483.20 after surpassing the first target.

 

The expected trading range for today is between 503.00 support and 517.00 resistance.

The expected trend for today: Bearish

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