Wheat price resumes the decline – Analysis - 13-08-2020
Economies.com
2020-08-13 04:42AM UTC
Wheat price made new retest to 503.70 level and bounced downwards clearly from there, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the EMA50 that continues to press negatively on the price, waiting to visit 483.20 mainly.
We remind you that the continuation of the suggested bearish wave conditions the stability of the daily close below 503.70.
The expected trading range for today is between 490.00 support and 505.00 resistance.
The expected trend for today: Bearish
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