Commodities

Midday update for Wheat price 08-03-2021

2021-03-08 10:43:05 GMT (Economies.com)

Wheat price shows sideways trading since morning, settling around 655.00 level, and the EMA50 continues to press negatively on the price, to keep the bearish trend valid for today, which depends on the price stability below 662.50, reminding you that our waited targets begin at 644.20 and extend to 629.40.

 

The expected trading range for today is between 640.00 support and 662.50 resistance.

The expected trend for today: Bearish

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