Wheat price touches the first target – Analysis - 14-01-2022

2022-01-14 04:58:17 GMT (Economies.com)
 

Wheat price managed to achieve our first waited target at 742.30 and presses negatively on it, to support the chances of extending the bearish wave to target 711.40 as a next negative station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 773.30 represents major condition to achieve the waited targets.

 

The expected trading range for today is between 730.00 support and 750.00 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1279
-0.0018
0.1633%
1.3490
0.0013
0.0939%
Tadawul
12108.56
56.61
0.47%
23.797
-0.019
0.082%
84.811
1.270
1.520%
87.46
1.24
1.44%
1847.790
8.325
0.453%
 
 
Live Forex Updates