Wheat price achieves clear gains – Analysis - 07-06-2023

3 months ago

Wheat price provided strong positive trades yesterday to reach 654.40, but it bounced bearishly to test the key support 629.00 again, and the EMA50 meets this support to add more strength to it, accompanied by witnessing clear positive signals through stochastic.


Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 663.50, reminding you that the continuation of the bullish wave depends on the price stability above 629.00.



The expected trading range for today is between 628.00 support and 655.00 resistance.


The expected trend for today: Bullish

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