Midday update for Wheat price 11-05-2021
Economies.com
2021-05-11 10:20AM UTC
Wheat price shows clear positive trades to test the EMA50 that forms good resistance against the price, and we still neutral until the price confirms its next destination clearly, noting that surpassing 733.50 will lead the price to resume the main bullish trend and head towards 758.00 initially, while breaking 726.80 represents the key to extend the correctional bearish wave towards 700.00 as a next negative station.
The expected trading range for today is between 710.00 support and 750.00 resistance.
The expected trend for today: Neutral
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