Wheat price surpasses the target – Analysis - 21-06-2022
Economies.com
2022-06-21 04:10AM UTC
Wheat price succeeded to achieve our waited target at 1043.30, starting today with additional decline to break this level and settles below it, which supports the continuation of the correctional bearish trend domination, paving the way to head towards 972.80 as a next negative target.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1043.30.
The expected trading range for today is between 990.00 support and 1060.00 resistance.
The expected trend for today: Bearish
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