Wheat price faces solid resistance – Analysis - 17-09-2021
Economies.com
2021-09-17 04:39AM UTC
Wheat price finds difficulty to surpass 717.00 level, noticing that stochastic begins to get rid of its negative momentum, while the EMA50 keeps providing the positive support to the price.
Therefore, we believe that the chances valid to resume the bullish trend that targets 741.90 as a next station, noting that it is important to hold above 706.00 to continue the expected rise.
The expected trading range for today is between 707.00 support and 725.00 resistance.
The expected trend for today: Bullish
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