Wheat price surpasses the support – Analysis - 07-12-2022
Economies.com
2022-12-07 04:54AM UTC
Wheat price managed to break 741.30 level strongly to continue the decline on the intraday and short term basis, organized inside the bearish channel that has negative targets that reach 709.00.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50 unless breaching 741.30 and holding above it.
The expected trading range for today is between 715.00 support and 735.00 resistance.
The expected trend for today: Bearish
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