Wheat price resumes the decline – Analysis – 31-07-2023
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Photo By Economies.com
Wheat price shows new negative trades to move away from 723.10 level, reinforcing the expectations of continuing the bearish bias in the upcoming sessions, waiting to head towards 700.00 followed by 668.50 levels that represent our next main targets.
Note that breaking 700.00 will complete forming negative pattern that has negative targets that surpass 668.50 to reach 620.00 areas, while holding below 723.10 represents key condition to continue the expected decline.
The expected trading range for today is between 680.00 support and 710.00 resistance.
The expected trend for today: Bearish
