Wheat price attempts to breach – Analysis - 01-12-2022
Economies.com
2022-12-01 04:08AM UTC
Wheat price attempted to breach 790.00 level but it opened today negatively to settle below it, which keeps the bearish trend scenario active, supported by the negative pressure formed by the EMA50, waiting to visit 760.00 followed by 741.30 levels as main targets.
The bearish channel continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 790.00 and 800.50 levels.
The expected trading range for today is between 760.00 support and 795.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...