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Wheat price achieves more bullish correction – Analysis - 25-01-2024
Wheat price breached 605.00 level clearly to confirm heading to achieve more bullish correction on the intraday basis, opening the way to target 639.30 areas as a next positive station.
Therefore, the bullish bias will be suggested for the upcoming sessions, supported by moving above the EMA50, taking into consideration that breaking 605.00 will stop the expected rise and push the price to return to the main bearish track again.
The expected trading range for today is between 610.00 support and 635.00 resistance.
The expected trend for today: Bullish
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