Midday update for Wheat price 27-05-2020

Economies.com
2020-05-27 10:02AM UTC

Wheat price trades positively now to move above 510.00, but as long as the price is below 520.30, the bearish trend scenario will remain valid on the intraday and short term basis, waiting to get enough negative motive to push the price to break 503.70 and open the way to rally towards our next main target that reaches 483.20.

 

The expected trading range for today is between 490.00 support and 515.00 resistance.

The expected trend for today: Bearish

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