Wheat price approaches the target – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:40AM UTC
Wheat Price Analysis
Expected Scenario
- Wheat price provided negative trades yesterday, nearing the first awaited target at 552.80$.
- Awaiting a break below this level to extend the bearish wave towards 541.80$ as the next main target.
- The EMA50 continues to exert downward pressure, supporting the continuation of the bearish trend.
- The bearish scenario remains valid unless the price manages to rally and breach 569.80$, holding above it.
Expected Trading Range
Between 550.00$ support and 576.00$ resistance.
Trend Forecast: Bearish
Commodities News
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...