Wheat price tests the resistance – Analysis - 12-01-2022
Economies.com
2022-01-12 05:24AM UTC
Wheat price fluctuates at the key resistance 773.40 and keeps its stability below it until now, and stochastic continues to provide the negative signals, to support the chances of bouncing bearishly and resume the expected bearish trend for the upcoming period, which targets 742.30 level initially.
Note that breaching 773.30 will stop the suggested negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 755.00 support and 775.00 resistance.
The expected trend for today: Bearish
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