• Wheat falling sharply
• Likely to reach 580.00
Wheat falling sharply after the recent downward reversal from the major resistance zone lying at the intersection of the two resistance trendlines of the weekly up channels from 2019 and 2016.
The downward reversal from this resistance zone will form the powerful weekly Japanese candlesticks reversal pattern Evening Star Doji – if the price closes this week near the current levels.
Wheat is likely to fall further toward the next support level 580.00 (former resistance level from the start of this year).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies