Wheat price keeps its negative stability – Analysis - 05-05-2021

2021-05-05 00:58:44 GMT (Economies.com)
 

Wheat price settles below 726.80 level, to keep the negative pressure valid for the upcoming period, supported by the negative overlapping signal provided by stochastic now, waiting to head towards 700.00 that represents our next main target.

 

On the other hand, we should note that breaching 726.80 and holding above it will stop the expected decline and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 700.00 support and 730.00 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2164
-0.0009
0.0719%
1.4161
0.0025
0.1737%
Tadawul
10322.68
86.96
0.85%
27.499
-0.305
1.099%
64.901
-0.491
0.751%
68.35
0.03
0.04%
1834.215
-10.010
0.543%
 
 
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