Midday update for Wheat price 19-10-2021

Wheat price shows more rise to move away from 741.90 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that our waited target begin at 756.00 followed by 766.50, while achieving them requires holding above 741.90.

The expected trading range for today is between 735.00 support and 755.00 resistance.

The expected trend for today: Bullish