• 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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies