Weekly forecast, August 10 - 14
Uptrend
An uptrend will start as soon, as the market rises above resistance level 502, which will be followed by moving up to resistance level 519 and if it keeps on moving up above that level, we may expect the market to reach resistance level 543.
Downtrend
The downtrend may be expected to continue, while wheat is trading below resistance level 502, which will be followed by reaching support level 466.
Quarterly forecast, July - September 2020
Uptrend
The uptrend may be expected to continue, while wheat is trading above support level 466, which will be followed by reaching resistance level 541 and 573 - 591.
Downtrend
The local downtrend may be expected to continue, while wheat is trading below resistance level 502, which will be followed by reaching support level 466 and if it keeps on moving down below that level, we may expect the market to reach support level 422.
Stocks
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