Wheat price ends last week negatively – Analysis - 22-02-2021

Economies.com
2021-02-22 05:20AM UTC

Wheat price ended last week with strong negativity to settle below 662.50, which keeps the sideways scenario valid for the upcoming period, as the price is confined between the mentioned resistance and 629.40 support, and we expect to head to test the mentioned support in the upcoming sessions.

 

Note that the price needs to surpass one of the above-mentioned levels to detect its next destination clearly.

 

The expected trading range for today is between 645.00 support and 665.00 resistance.

The expected trend for today: Sideways

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