Wheat price touches the target – Analysis - 01-07-2022
Economies.com
2022-07-01 03:53AM UTC
Wheat price succeeded to touch our waited target at 885.50 and presses negatively on it, to support the chances of continuing the decline within the bearish channel that appears on the chart and paves the way to achieve additional negative trades that reach 855.00 followed by 800.00.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that failing to break 885.50 will push the price to recover and visit 972.80 before any new attempt to decline.
The expected trading range for today is between 840.00 support and 920.00 resistance.
The expected trend for today: Bearish
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