Wheat Price Keeps Declining: Forecast for June 19, 2024

by Jennifer

Wheat Price Analysis

Wheat prices have resumed their negative trading, moving away from the $605.80 level. This reinforces expectations of a continuing bearish trend, with a main target set at $576.90. The bearish channel is organizing this downward wave, which will remain valid as long as the price stays below $605.80.

Advertisements

Expected Trading Range for Today

Advertisements
  • Support: $580.00
  • Resistance: $605.00

Trend Forecast: Bearish

Wheat is expected to continue its downward trend, with technical indicators supporting further declines.

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News