Wheat price breaches the resistance – Analysis - 15-09-2021

2021-09-15 04:18:14 GMT (Economies.com)
 

Wheat price breached 696.80 level clearly and close the daily candlestick above it, which stops the correctional bearish scenario and leads the price to start recovery attempts on the intraday basis, targeting visiting 717.00 initially.

 

Therefore, the bullish bias will be suggested for the upcoming period unless breaking 696.80 and holding below it.

 

The expected trading range for today is between 690.00 support and 710.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1623
0.0012
0.1072%
1.3766
0.0027
0.1969%
Tadawul
11890.10
44.17
0.37%
24.383
1.069
4.585%
84.489
1.143
1.371%
86.21
0.68
0.80%
1799.575
29.835
1.686%
 
 
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