Wheat price faces solid support – Analysis - 18-01-2022
Economies.com
2022-01-18 05:23AM UTC
Wheat price faces solid support at 742.30, to show some slight bullish bias, noticing that stochastic loses its positive momentum clearly to support the chances of resuming the negative trades to break the mentioned level and confirm heading towards 711.40 as a next correctional target.
Therefore, our bearish overview will remain valid unless the price rallied to breach 773.30 level and hold above it.
The expected trading range for today is between 735.00 support and 755.00 resistance.
The expected trend for today: Bearish
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