Wheat price within minor bearish channel – Analysis - 23-10-2020
Economies.com
2020-10-23 04:04AM UTC
Wheat price moves inside a minor bearish channel that we expect to push the price to achieve more decline in the upcoming sessions, to keep the bearish trend scenario active on the intraday basis, which its next main target located at 613.50.
On the other hand, we should note that breaching 626.80 will stop the expected decline and leads the price to start new recovery attempts and attempt to regain the main bullish trend again.
The expected trading range for today is between 615.00 support and 630.00 resistance.
The expected trend for today: Bearish
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