Wheat price approaches the negative target – Analysis - 23-07-2021
Economies.com
2021-07-23 03:51AM UTC
Wheat price declined strongly yesterday after the completion of the double top pattern, and we expect the continuation of the decline to test 680.20 level as a first negative target, noting that breaking this level will extend the bearish wave to test 659.40 on the near term basis.
In general, we expect the continuation of the bearish trend domination in the upcoming sessions unless the price rallied to breach 701.00 and hold above it.
The expected trading range for today is between 675.00 support and 700.00 resistance.
The expected trend for today: Bearish
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