Wheat price surpasses the target – Analysis - 22-09-2021

2021-09-22 04:26:33 GMT (Economies.com)
 

Wheat price managed to surpass our first waited target at 696.80 and holds below it, reinforcing the expectations of extending the correctional bearish wave, which targets 676.60 as a next main station.

 

The bearish channel supports the expectations to continue the bearish trend on the intraday and short term basis, noting that the expected decline requires holding below 696.80 and 704.50 levels.

 

The expected trading range for today is between 680.00 support and 700.00 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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