Midday update for Wheat price 20-01-2021
Economies.com
2021-01-20 10:06AM UTC
Wheat price broke 661.70 level clearly and settles below it, which stops the morning suggested positive scenario and press on the price to achieve more expected bearish correction in the upcoming sessions, on its way to visit 643.60 as a next main target.
Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to breach 661.70 and hold above it again.
The expected trading range for today is between 650.00 support and 670.00 resistance.
The expected trend for today: Bearish for the rest of the day
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