Wheat continues to rise after the recent breakout of the resistance area lying between the key resistance level 473.00 (monthly high from March and April) and the 50% Fibonacci correction of the downward impulse from February.
The breakout of this resistance area accelerates the active short-term impulse wave C from the middle of May.
Wheat is expected to rise further and retest the next round resistance level 500.00 (target for the completion of the active impulse wave C).
GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…
GBPAUD: ⬆️ Buy - GBPAUD reversed from the support zone - Likely to rise to…
Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…
CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
This website uses cookies
