Wheat price approaches the extended target – Analysis – 23-06-2023
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Photo By Agrihunt/Representational Image
Wheat price shows more bullish bias to approach our new waited target at 767.20, getting continuous support by the EMA50 to expected the continuation of the bullish trend in the upcoming sessions, in addition to stochastic head towards the oversold areas and the attempt to provide the positive momentum.
Therefore, the bullish trend scenario will remain valid and active, noting that breaking 723.10 will stop the suggested bullish wave and push the price to turn to decline.
The expected trading range for today is between 735.00 support and 767.00 resistance.
The expected trend for today: Bullish
