Wheat price resumes the decline – Analysis – 10-08-2023
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Photo By Agrihunt
Wheat price provided negative trades in the previous sessions to move away from 668.50, reinforcing the expectations of continuing the bearish trend on the intraday basis, reminding you that our waited targets begin at 625.00 and extend to 580.10.
The negative pressure formed by the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 668.50.
The expected trading range for today is between 640.00 support and 668.00 resistance.
The expected trend for today: Bearish
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