Wheat price breaks the support – Analysis - 04-05-2021
Economies.com
2021-05-04 00:31AM UTC
Wheat price bounced downwards sharply yesterday after failing to breach the main resistance that appears on the chart, to break the key support line 726.80 and settle below it, which lead the price to achieve more expected decline in the upcoming sessions, noting that the next target is located at 700.00.
Breaking 716.00 will ease the mission of achieving the expected target, while the suggested decline will remain valid unless breaching 726.80 and holding above it.
The expected trading range for today is between 700.00 support and 730.00 resistance.
The expected trend for today: Bearish
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