Wheat price surpasses the resistance – Forecast today - 26-04-2024

Economies.com
2024-04-26 03:58AM UTC

Wheat Price Analysis

Expected Scenario

  • Wheat price has managed to breach the 614.10$ level and close the daily candlestick above it.
  • This reinforces the expectations of continuing the bullish trend on the intraday and short-term basis.
  • It opens the way for the price to head towards 635.00$ followed by 641.50$ levels as the next main targets.

Expected Trading Range

Between the support at 610.00$ and the resistance at 630.00$.

Trend Forecast: Bullish

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