Wheat price continues to decline – Analysis - 18-01-2024
Economies.com
2024-01-18 03:38AM UTC
Wheat price provided temporary positive trades yesterday to test 600.00 barrier, but it bounced bearishly to resume the expected bearish trend on the intraday basis, waiting to visit 573.00 that represent sour next main target.
The EMA50 forms good negative pressure that supports the continuation of the expected bearish trend, noting that breaching 605.00 will stop the expected decline and push the price to recover.
The expected trading range for today is between 575.00 support and 595.00 resistance.
The expected trend for today: Bearish
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