Midday update for Wheat price 06-05-2021
Economies.com
2021-05-06 10:20AM UTC
Wheat price approached our first waited target at 754.80 and bounced bearishly to head towards potential test to the first key support 738.00, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the expected bullish trend for the upcoming period, which its next target located at 768.50, while achieving it requires holding above 738.00 and 726.80.
The expected trading range for today is between 735.00 support and 765.00 resistance.
The expected trend for today: Bullish
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