Midday update for Wheat price 10-05-2021
Economies.com
2021-05-10 10:13AM UTC
Wheat price faces additional negative pressure to break 756.00 and head towards achieving more expected decline in the upcoming sessions, making the bearish bias suggested for the rest of the day, targeting testing 737.50 initially before attempting to rise again, noting that breaching 757.00 and holding above it will reactivate the main positive scenario that its next target located at 800.00.
The expected trading range for today is between 740.00 support and 755.00 resistance.
The expected trend for today: Bearish for the rest of the day
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