Wheat price reaches the first target – Analysis - 21-09-2021

2021-09-21 04:08:35 GMT (Economies.com)
 

Wheat price reached the thresholds of the first waited negative target at 696.80, falling under continuous negative pressure by the EMA50, to support the chances of surpassing the mentioned level and head towards 676.60 that represents our next negative target.

 

In general, we suggest the continuation of the bearish trend domination in the upcoming period conditioned by the price stability below 717.00.

 

The expected trading range for today is between 685.00 support and 707.00 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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