Commodities

Midday update for Wheat price 22-01-2021

2021-01-22 11:23:20 GMT (Economies.com)

Wheat price succeeded to reach our first waited negative target at 643.60, showing more negative trades to hint the price head to break this level and open the way to extend the correctional bearish wave to reach 628.90 as a next negative target.

 

Therefore, we will continue to suggest the bearish trend for the rest of the day unless the price rallied to breach 661.70 and hold above it.

 

The expected trading range for today is between 635.00 support and 650.00 resistance.

The expected trend for today: Bearish

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