Wheat price surpasses the first target – Analysis - 24-09-2021

Economies.com
2021-09-24 04:12AM UTC

Wheat price succeeded to breach 717.00 level and settled above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards 741.90 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend that gets good support by the EMA50 conditioned by the price stability above 717.00.

 

The expected trading range for today is between 710.00 support and 735.00 resistance.

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Brent Oil News

Commodities

Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Gold News

Commodities

Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Coffee Analysis

Commodities

Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Natural gas Analysis

Commodities

Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...