Wheat price breaks the support – Analysis - 27-01-2020
Economies.com
2020-01-27 05:55AM UTC
Wheat price achieved strong break to the bullish channel’s support line and settled below it, which puts the price under expected negative pressure on the intraday basis, on its way to test the main bullish channel’s support line at 542.00 before attempting to resume the main bullish trend.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 571.30 level and hold above it.
The expected trading range for today is between 550.00 support and 570.00 resistance.
The expected trend for today: Bullish
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