Commodities

Midday update for Wheat price 24-05-2022

2022-05-24 09:22:01 GMT (Economies.com)

Wheat price shows positive trades now and attempts to surpass 1200.00, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to resume the main bullish trend, while consolidating below it will press on the price to decline again and head towards 1142.30 followed by 1114.00 levels mainly.

 

The expected trading range for today is between 1150.00 support and 1220.00 resistance.

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The expected trend for today: Bearish

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