Wheat price attempts to recover – Analysis - 11-01-2022
Economies.com
2022-01-11 04:51AM UTC
Wheat price shows additional bullish bias to test the EMA50 that forms good intraday resistance against the price, waiting to resume the bearish trend that its targets begin by testing 742.30, reminding you that breaking this level will push the price to 711.40 as a next station.
Note that the continuation of the bearish wave depends on the price stability below 773.30.
The expected trading range for today is between 745.00 support and 773.00 resistance.
The expected trend for today: Bearish
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