Midday update for Wheat price 22-07-2021
Economies.com
2021-07-22 09:46AM UTC
Wheat price broke 701.00 level and close the last four hours’ candlestick below it, to complete forming double top pattern that we expect to press on the price to turn to decline, noting that the first negative target is located at 680.20.
Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 701.00 and holding above it again.
The expected trading range for today is between 680.00 support and 705.00 resistance.
The expected trend for today: Bearish
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