Wheat price is retesting – Analysis - 20-10-2021

2021-10-20 04:20:42 GMT (Economies.com)
 

Wheat price retests the breached neckline of the inverted head and shoulders’ pattern and keeps its stability above it until now, getting positive support by stochastic and the EMA50, waiting to resume the positive trades in the upcoming sessions to head towards 756.00 followed by 766.50 levels as next main stations.

 

Holding above 741.90 is important to continue the expected rise, as breaking it will press on the price to return to the bearish track again.

 

The expected trading range for today is between 740.00 support and 755.00 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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