Wheat price keeps the support base – Analysis - 16-04-2021
Economies.com
2021-04-16 01:15AM UTC
Wheat price retested 644.20 level again and kept its stability above it, to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50, waiting to head towards 662.45 as a next main target.
On the other hand, we should note that breaking 644.20 and holding below it will stop the expected rise and press on the price to turn to decline.
Therefore, the bullish bias will be expected for today unless breaking 644.20 and holding below it.
The expected trading range for today is between 640.00 support and 660.00 resistance.
The expected trend for today: Bullish
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