Wheat price surpasses the first target – Analysis - 22-01-2020
Economies.com
2020-01-22 05:50AM UTC
Wheat price rallied upwards strongly yesterday to surpass our first waited target at 578.0 and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that our next station is located at 588.1.
Therefore, we are waiting for more rise in the upcoming sessions, as the price moves inside the bullish channel that appear on the chart, noting that the continuation of the bullish wave conditions holding above 569.0
The expected trading range for today is between 575.0 support and 590.0 resistance.
The expected trend for today: Bullish
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