Wheat price resumes the decline – Analysis - 24-09-2020
Economies.com
2020-09-24 03:28AM UTC
Wheat price resumed its negative trades strongly yesterday after testing 557.30, starting today with more decline to reach our first waited target at 542.00, which supports the continuation of our bearish overview, noting that our next negative station is located at 536.80.
The EMA50 presses negatively on the price to support the expectations of achieving more decline, noting that holding below 557.30 represents key condition to achieve the waited targets.
The expected trading range for today is between 536.00 support and 550.00 resistance.
The expected trend for today: Bearish
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