Wheat price begins negatively – Analysis - 10-05-2021
Economies.com
2021-05-10 00:28AM UTC
Wheat price bounced bearishly after approaching our waited target at 768.50, to press on the key support 756.00, and the price needs to hold above this level to keep the main bullish trend valid, as breaking it will press on the price to return to the correctional bearish track again.
The EMA50 continues to support the suggested bullish wave, which its targets extend to 800.00 on the near term basis.
The expected trading range for today is between 745.00 support and 770.00 resistance.
The expected trend for today: Bullish
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