Wheat Weekly And Quarterly Forecast

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

 

Disclaimer: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. ...

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