Wheat price begins bearish correction – Analysis - 26-09-2022
Economies.com
2022-09-26 04:09AM UTC
Wheat price bounced downwards strongly to reach the bullish channel’s support line, starting today with additional decline to break this support and open the way to achieve bearish correction for the rise that start from 741.30 areas, on its way to visit 854.40 level initially, noting that breaking it will cause more decline that reaches 832.80.
Therefore, the bearish trend will be expected in the upcoming sessions unless breaching 885.50 and holding above it.
The expected trading range for today is between 840.00 support and 885.00 resistance.
The expected trend for today: Bearish
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