Wheat recently reversed up from the support level 540,00 (low of the earlier correction from December), strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous upward impulse from November.
The upward reversal from the support level 540,00 stopped the (c)-wave of the previous ABC correction (ii) from January.
Wheat is likely to rise further toward the next resistance level 550,00 (which stopped the (b)-wave of the ABC correction (ii) earlier this month).
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURGBP 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…
This website uses cookies