Commodities

Midday update for Wheat price 18-09-2020

2020-09-18 09:29:57 GMT (Economies.com)

Wheat price shows some bearish bias to approach testing 557.30 level that forms support base after breaching it previously, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, waiting to resume the bullish bias that targets 590.50 areas on the near term basis.

 

The expected trading range for today is between 555.00 support and 575.00 resistance.

The expected trend for today: Bullish

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