financetom
Technology
financetom
/
Technology
/
Wheat price completes negative pattern – Forecast today - 16-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wheat price completes negative pattern – Forecast today - 16-05-2024
May 15, 2024 9:37 PM

Wheat Price Analysis Expected Scenario Wheat price provided new negative trades yesterday to test 670.00$ barrier, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that supports the chances of continuing the decline in the upcoming sessions, waiting to visit 647.60$ as a next main target. Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that breaching 700.00$ will stop the current negative pressure and push the price to regain the main bullish trend again. Expected Trading Range Between 660.00$ support and 676.00$ resistance.

Trend Forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Decoding Microsoft's Options Activity: What's the Big Picture?
Decoding Microsoft's Options Activity: What's the Big Picture?
Oct 4, 2024
Investors with a lot of money to spend have taken a bullish stance on Microsoft ( MSFT ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
9 life events that your financial advisor can help with
9 life events that your financial advisor can help with
Oct 4, 2024
Major life events often come with major financial decisions. A new job is cause for celebration, but how will the switch impact your plans for retirement? Should you make contributions to a traditional 401(k) at your new job or try out the Roth 401(k) option instead? These answers aren't always obvious, but thankfully, you don't have to figure it out...
Palworld Finally Hits PS5 In Japan After Legal Issues With Nintendo
Palworld Finally Hits PS5 In Japan After Legal Issues With Nintendo
Oct 4, 2024
Pocketpair's monster-catching survival game, Palworld, has officially launched on Sony Group Corp. ( SONY )‘s PlayStation 5 in Japan, following a delayed release due to ongoing legal issues with Nintendo ARD (OTC:NTDOY). The game, which debuted on PlayStation consoles last month in 68 countries and regions, initially left Japanese fans waiting for reasons that have sparked widespread speculation. Many suspected...
Competitor Analysis: Evaluating Advanced Micro Devices And Competitors In Semiconductors & Semiconductor Equipment Industry
Competitor Analysis: Evaluating Advanced Micro Devices And Competitors In Semiconductors & Semiconductor Equipment Industry
Oct 4, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Advanced Micro Devices ( AMD ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our...
Copyright 2023-2025 - www.financetom.com All Rights Reserved