Wheat price holds above the support – Analysis - 21-01-2021
Economies.com
2021-01-21 05:03AM UTC
Wheat price managed to end yesterday above 661.70, starting today with new bullish bias to move away from the mentioned level, which supports the chances of resuming the main bullish trend, which targets 691.10 as a next main station.
Therefore, we expect to witness move rise in the upcoming sessions supported by the EMA50, conditioned by the price stability above 661.70.
The expected trading range for today is between 660.00 support and 685.00 resistance.
The expected trend for today: Bullish
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