Wheat price resumes the decline – Analysis - 13-01-2022
Economies.com
2022-01-13 05:05AM UTC
Wheat price resumes its negative trades to move away from 773.40 level, reinforcing the expectations of continuing the domination of the bearish trend, waiting to test 742.30 as a first station, noting that breaking this level will push the price to 711.40 as a next correctional target.
Holding below 773.30 is important to continue the expected decline, as breaching it will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 735.00 support and 765.00 resistance.
The expected trend for today: Bearish
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