Wheat price attempts positively – Analysis - 11-12-2019
Economies.com
2019-12-11 05:43AM UTC
Wheat price provided positive trades yesterday and attempted to breach the EMA50, but it returns to settle below it, to keep the negative pressure valid for the upcoming period, waiting to test the bullish channel’s support line that rises now to 514.5.
Therefore, we will continue to suggest the bearish trend unless breaching 528.3 and holding with a daily close above it.
The expected trading range for today is between 514.5 support and 525.0 resistance.
The expected trend for today: Bearish
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