Wheat price attempts negatively – Analysis - 08-04-2020
Economies.com
2020-04-08 05:02AM UTC
Wheat price settles below the EMA50, to fall under negative pressure that we are waiting to push trades towards 536.80 that represents our first station, and the price needs to surpass this level to confirm rallying towards our next target that extends to 520.30.
In general, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 557.30.
The expected trading range for today is between 535.00 support and 550.00 resistance.
The expected trend for today: Bearish
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