Wheat price is recovering – Analysis - 23-09-2021

2021-09-23 03:35:31 GMT (Economies.com)
 

Wheat price breached 696.80 level strongly yesterday and heads towards testing 717.00 now, to turn to rise on the intraday basis, being aware that we need to monitor the price at the targeted level, as breaching it will lead the price to achieve more gains that reach 741.90.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 696.80 and holding below it.

 

The expected trading range for today is between 700.00 support and 720.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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