Wheat price achieves strong gains – Forecast today - 07-05-2024
Economies.com
2024-05-07 03:51AM UTC
Wheat Price Analysis
Wheat price rallied upwards strongly yesterday to breach 641.50$ and settle above it, to open the way to achieve new gains that start at 660.00$ and extend to 675.50$ as next main stations.
The EMA50 supports the price from below to reinforce the expectations to rise, noting that breaking 641.50$ will stop the suggested bullish wave and put the price under negative pressure on the intraday basis.
Expected Trading Range for Today
- Support: 643.00$
- Resistance: 660.00$
Trend Forecast
Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...