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Wheat price keeps achieving the negative targets – Analysis - 24-02-2023
Wheat price provided more negative trades to succeed achieving our first extended target at 752.00, and surpasses this level to confirm the continuation of the bearish trend on the intraday and short term basis, waiting to visit 742.00 as a next main target.
The bearish channel continues to organize the suggested bearish wave, which gets continuous support by the EMA50, noting that breaching 762.50 will push the price to test the most important resistance at 778.10 before any new attempt to decline.
The expected trading range for today is between 740.00 support and 755.00 resistance.
The expected trend for today: Bearish
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Sugar price achieves strong gains – Analysis - 24-02-2023
Sugar price rallied upwards strongly yesterday to breach 20.20 and open the way to resume the main bullish trend, on its way to achieve additional gains that start by visiting 20.70 areas, noting that surpassing this level will push the price to 21.00 direct.
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