Commodities

Midday update for Wheat price 23-07-2021

2021-07-23 09:26:26 GMT (Economies.com)

Wheat price provides new negative trades, and stochastic provides negative signals that we are waiting to assist to push the price to achieve more decline and head towards our waited target at 680.20.

 

Therefore, the bearish trend scenario will remain valid and active for today conditioned by the price stability below 701.00.

 

The expected trading range for today is between 675.00 support and 700.00 resistance.

The expected trend for today: Bearish

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