Wheat price gets new negative motive – Analysis - 30-05-2023
Economies.com
2023-05-30 04:13AM UTC
Wheat price tested the EMA50 and kept its stability below it, to start declining by today’s open, motivated by the negative signal that appears clearly on stochastic, waiting to test 603.10 initially, reminding you that breaking it will push the price to 590.00 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 629.40.
The expected trading range for today is between 595.00 support and 620.00 resistance.
The expected trend for today: Bearish
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