Wheat price awaits more decline – Analysis - 02-12-2021
Economies.com
2021-12-02 05:29AM UTC
Wheat price’s last trading is confined within a bearish triangular flag pattern that supports the expectations for the bearish trend expectations in the upcoming period, targeting 775.00 then 765.00 levels as next main stations, and the price needs to break 786.00 level to activate the negative effect of the mentioned pattern then rally towards the suggested targets.
Therefore, we keep preferring the bearish trend in the upcoming period unless the price rallied to breach 823.50 level and holding above it.
The expected trading range for today is between 770.00 support and 810.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Natural gas price tends towards the positivity – Forecast today – 30-4-2024
2024-04-30 05:39AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price succeeded in holding above ...
Commodities
Platinum price touches the main target – Forecast today – 30-4-2024
2024-04-30 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price took advantage of frequent ...
Commodities
Copper price attacks the resistance – Forecast today – 30-4-2024
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price Expected Scenarios Copper price successfully reached the ...