Wheat price keeps its negative stability – Analysis - 29-01-2020
Economies.com
2020-01-29 05:55AM UTC
Wheat price fluctuates around the EMA50, keeping its stability below the broken support of the bullish channel, to keep the bearish trend scenario valid for the upcoming period, waiting to visit 542.00 level as a next main target.
On the other hand, we should note that breaching 576.00 and holding above it will stop the suggested negative scenario and leads the price to resume the main bullish trend.
The expected trading range for today is between 550.00 support and 576.00 resistance.
The expected trend for today: Bearish
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