• Wheat reversed from key support level 630.00
• Likely to rise to 660.00
Wheat earlier reversed up sharply from the key support level 630.00 (which also stopped the previous minor correction 2 in January – as can be seen below) – which started the active impel wave (iii).
The support area near the support level 630.00 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci retracement of the previous upward impulse form December.
Wheat is expected to rise further in the active impulse waves (iii), 3 and (C) toward the next resistance level 660.00.
- 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