Wheat price attempts positively – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:09AM UTC
Wheat Price Analysis
Bearish Scenario
- Wheat price provided positive trades but closed below the key resistance at 552.80$.
- Price begins today with new decline, keeping the bearish trend scenario active.
- Targets for the bearish trend are 535.00$ followed by 525.40$ levels as next main stations.
Stochastic Momentum
Stochastic loses the positive momentum clearly to support the suggested negative scenario.
Trading Range
The expected trading range for today is between 535.00$ support and 557.00$ resistance.
Trend forecast: Bearish
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