Daily chart,
The commodity WHEAT - cash contract -
WHEAT is trading in a soft rising channel (yellow), and the price should test the line R1 at around 540 - After crossing, the target will be towards the channel upper line R2, around 610 , passing through the resistance levels 550 and 563
Stop loss below 505 to be considered.
Technical indicators:
The commodity WHEAT - cash contract -
WHEAT is trading in a soft rising channel (yellow), and the price should test the line R1 at around 540 - After crossing, the target will be towards the channel upper line R2, around 610 , passing through the resistance levels 550 and 563Stop loss below 505 to be considered.
Technical indicators:
- RSI is in the 50%, with a bullish trend
- MACD is about to cross up
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