• Wheat reversed from support zone
• Likely to rise to 510,00
Wheat today reversed up from the support area lying between the multi-month support level 495,00 (which stopped the previous impulse waves (1) and 1 respectively) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the earlier short-term impulse wave 3 from the start of June.
Given the strength of the aforementioned support area and the oversold daily Stochastic – Wheat is likely to rise further toward the next resistance level 510,00.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies