Commodities

Wheat price achieves strong gains – Analysis - 21-09-2020

2020-09-21 03:58:46 GMT (Economies.com)

Wheat price rallied upwards sharply after testing 557.30 level in the previous sessions, to reach the thresholds of 580.00 areas now, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, which its next main target located at 590.50.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid and active unless breaking 557.30 level and holding below it.

 

The expected trading range for today is between 570.00 support and 590.00 resistance.

The expected trend for today: Bullish

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