Midday update for Wheat price 10-12-2019
Economies.com
2019-12-10 10:37AM UTC
Wheat price shows slight bearish bias to crawl gradually towards our waited target at 512.5, getting continues support by the EMA50, to keep our bearish overview that conditions holding below 528.3, being aware that it is important to monitor the price behavior when reaching the mentioned target, as breaking it will press on the price to suffer more losses on the intraday and short term basis.
The expected trading range for today is between 512.0 support and 525.0 resistance.
The expected trend for today: Bearish
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