Wheat price keeps its positive stability – Analysis - 21-01-2020
Economies.com
2020-01-21 05:41AM UTC
Wheat price tested the EMA50 and rebounds bullishly from there, to keep the bullish trend scenario valid and active on the intraday and short term basis, which its targets begin at 578.0 and extend to 588.1.
We should note that breaking 566.0 will stop the expected rise and presses on the price to turn to decline and achieve negative targets that begin at 546.0 and might extend to 540.0 before attempting to return to rise again.
The expected trading range for today is between 563.0 support and 580.0 resistance.
The expected trend for today: Bullish
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