Midday update for Wheat price 24-09-2020
Economies.com
2020-09-24 09:50AM UTC
Wheat price managed to break the bullish channel’s support and settles below it now, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, targeting 536.80 level as a next main station, being aware that the failure to settle below 545.00 will push the price to achieve intraday gains that target testing 557.30 level initially.
The expected trading range for today is between 536.00 support and 550.00 resistance.
The expected trend for today: Bearish
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