Wheat price crawls downwards – Analysis – 29-08-2023
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Photo By Economies.com
Wheat price shows bearish bias to gradually approach 600.00 barrier, and we suggest the continuation of the bearish trend domination to head towards our next target at 580.20.
The EMA50 supports the expected bearish trend, noting that breaching 641.50 will push the price to achieve intraday gains and test 668.50 areas before any new attempt to decline.
The expected trading range for today is between 600.00 support and 625.00 resistance.
The expected trend for today: Bearish
