Wheat price tests the channel’s resistance – Analysis - 05-08-2022
Economies.com
2022-08-05 04:14AM UTC
Wheat price provides positive trades to test the main bearish channel’s resistance, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the main bearish trend, which its next target located at 744.40.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 814.00.
The expected trading range for today is between 760.00 support and 815.00 resistance.
The expected trend for today: Bearish
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