Wheat price declines again – Analysis – 18-07-2023
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Photo By Agrihunt
Wheat price couldn’t manage to hold for long time above 668.50, to trade with strong negativity and break it to settle below it again, which puts the price under the negative pressure to head towards achieving negative targets that start at 625.40 and extend to 580.20.
Therefore, we expect to witness negative trades in the upcoming sessions conditioned by the price stability below 668.50, as breaching this level the key to start new recovery attempts and achieve more bullish correction.
The expected trading range for today is between 635.00 support and 680.00 resistance.
The expected trend for today: Bearish
