Wheat price reaches the target – Analysis - 26-05-2023
Economies.com
1 week ago
Wheat price declined yesterday to reach few pips away from our waited target at 603.10, showing some bullish bias by today’s open, affected by stochastic positivity, while the EMA50 forms continuous negative pressure against the price, to keep the bearish trend valid for the upcoming period, reminding you that our next target is located at 590.00.
On the other hand, we should note that breaching 629.40 will stop the suggested bearish wave and push the price to achieve new bullish correction on the intraday basis.
The expected trading range for today is between 595.00 support and 620.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold declines under pressure from the dollar
1 hour ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Commodities
Gold extends gains but still trades below $2,000
15 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Commodities
Copper loses momentum amid economic concerns and technical signals
18 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 07-06-2023
33 minutes ago
Brent oil price trades positively to approach the key resistance 76.80, and as long as the price is ...
Commodities
Midday update for Crude oil 07-06-2023
33 minutes ago
Crude oil price shows bullish bias to attempt to breach 71.55 level, which urges caution from the ...
Commodities
Midday update for Silver 07-06-2023
33 minutes ago
Silver price settles below the intraday bullish channel’s support line, reinforcing the ...