• Wheat broke support level 690.80
• Likely to fall to support level 640.00
Wheat recently broke the support level 690.80 (former monthly high from January and the low of the previous impulse wave 3).
The breakout of the support level 690.80 coincided with the breakout of the 50% Fibonacci correction level of the upward impulse from March.
Wheat can be expected to fall further toward the next support level 640.00 (former minor resistance level from the start of April).
- 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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
US CPI went in line with expectations, but this hasn't changed the outlook for the…
The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…
This website uses cookies
