Wheat price continues to decline – Analysis - 23-05-2022
Economies.com
2022-05-23 04:05AM UTC
Wheat price provided clear negative trades in the previous sessions, organized inside the bearish channel that supports the continuation of the expected bearish trend on the intraday and short term basis, reminding you that our waited targets begin at 1142.30 and extend to 1114.00.
Holding below 1200.00 is important to continue the expected decline, as breaching it will lead the price to resume the main bullish track again.
The expected trading range for today is between 1140.00 support and 1200.00 resistance.
The expected trend for today: Bearish
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