Wheat price approaches the target – Analysis – 21-06-2023
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Photo By Agrihunt
Wheat price shows more rise to reach the thresholds of the waited target at 723.10, noticing that the price surpassed the intraday bullish channel’s resistance, to support the chances of continuing the bullish bias and extend the bullish wave to reach 745.50 followed by 767.20 areas as next main targets.
On the other hand, we should note that failing to breach 723.10 will push the price to rebound bearishly and head to test 668.50 areas initially.
The expected trading range for today is between 705.00 support and 730.00 resistance.
The expected trend for today: Bullish
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