Wheat price heads for more bearish correction – Analysis - 01-12-2020
Economies.com
2020-12-01 05:02AM UTC
Wheat price broke 597.30 level strongly and settled below it, which opens the way to achieve more bearish correction for the rise that started from 470.00 areas, on its way to visit 573.00 that represents our next negative target.
Therefore, the bearish bias will be expected for the upcoming sessions, taking into consideration that breaching 597.30 and holding above it will stop the correctional bearish scenario and leads the price to resume the main bullish trend again.
The expected trading range for today is between 573.00 support and 593.00 resistance.
The expected trend for today: Bearish
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