Wheat price surpasses the moving average – Analysis - 03-06-2020
Economies.com
2020-06-03 03:37AM UTC
Wheat price provided more negative trades to surpass the EMA50 and settles below it, reinforcing the expectations of continuing the decline, waiting to test 503.70 that represents our first main target.
Therefore, the bearish trend scenario will remain active for the upcoming period conditioned by the price stability below 520.30, reminding you that surpassing the mentioned target will extend the bearish wave to reach 483.20 as a next station.
The expected trading range for today is between 500.00 support and 515.00 resistance.
The expected trend for today: Bearish
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