Wheat price rallies upwards – Analysis – 19-07-2023
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Photo By Economies.com
Wheat price returned to breach 668.50 level and hold above it, to hint heading to achieve new bullish correction on the intraday basis, paving the way to head towards 723.10 areas initially.
Therefore, the bullish bias will be expected for today, supported by the EMA50 that carries the price from below, noting that breaking 668.50 and holding below it will stop the expected rise and push the price to decline again.
The expected trading range for today is between 670.00 support and 700.00 resistance.
The expected trend for today: Bullish
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