Wheat price declines strongly – Analysis - 22-06-2022
Economies.com
2022-06-22 04:21AM UTC
Wheat price ended yesterday with strong negativity to reach the thresholds of the waited target at 972.80, and we expect the continuation of the negative pressure to break this level and open the way to suffer additional losses that reach 915.20 followed by 885.50.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1043.30 and hold above it.
The expected trading range for today is between 950.00 support and 1010.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...