Wheat price continues to decline – Analysis - 05-03-2021
Economies.com
2021-03-05 05:20AM UTC
Wheat price tested the intraday bearish channel’s resistance again and bounced bearishly to approach our first waited target at 644.20, to keep the bearish trend scenario active for the upcoming period, reminding you that breaking the mentioned level will push the price to head towards 629.40 as a next main target.
On the other hand, we should note that the continuation of the bearish wave requires holding below 662.50.
The expected trading range for today is between 640.00 support and 657.00 resistance.
The expected trend for today: Bearish
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