Wheat price tests the support – Analysis - 20-11-2020
Economies.com
2020-11-20 04:49AM UTC
Wheat price faced more negative pressure to test the main bullish channel’s support line that appears on the chart, and keeps its stability above it, accompanied by witnessing clear positive signals through stochastic, which forms positive motive that we are waiting to assist to push the price to rise again, to keep the main bullish trend scenario valid and active for the upcoming period.
Our expected targets begin at 619.00 and extend to 636.60, noting that the continuation of the bullish wave requires holding above 594.70.
The expected trading range for today is between 594.00 support and 610.00 resistance.
The expected trend for today: Bullish
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