Wheat price hits the first target – Analysis – 13-07-2023
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Photo By Economics.com
Wheat price bounced downwards clearly yesterday to succeed achieving first waited target at 630.00, starting today with more bearish bias to confirm the continuation of the bearish trend domination, noting that our next targets start at 606.00 and extend to 580.20.
Therefore, the bearish trend scenario will remain valid and active, reminding you that holding below 668.50 represents key condition to achieve the suggested targets.
The expected trading range for today is between 610.00 support and 635.00 resistance.
The expected trend for today: Bearish
