Midday update for Wheat price 05-03-2021
Economies.com
2021-03-05 11:13AM UTC
Wheat price returns to test the intraday bearish channel’s resistance and keeps its stability below it, which keeps our bearish overview valid and active for today, supported by the negative pressure formed by the EMA50, depending on the price stability below 662.50, noting that our waited targets begin at 664.20 and extend to 629.40 after breaking the previous level.
The expected trading range for today is between 640.00 support and 657.00 resistance.
The expected trend for today: Bearish
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