Wheat price gathers the positive momentum – Analysis - 21-01-2022
Economies.com
2022-01-21 05:22AM UTC
Wheat price bounced bearishly after testing 800.00 barrier yesterday, to head towards potential test to the key support base 773.30, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the bullish trend that targets testing 811.50 as a first station.
Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 773.30.
The expected trading range for today is between 773.00 support and 800.00 resistance.
The expected trend for today: Bullish
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