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Wheat price is recovering – Forecast today - 19-04-2024
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Wheat price is recovering – Forecast today - 19-04-2024
Apr 18, 2024 10:09 PM

Wheat Price Analysis Expected Scenario Wheat price opens todays trading with strong bullish rally to breach 552.80$ and reach 569.80$ direct, to hint heading to achieve bullish correction in the upcoming sessions, noting that breaching the last level will push the price towards 583.50$ as a next station. By taking a deeper look at the chart, we find that the price is drawing inverted head and shoulders pattern that has positive targets that surpass the above-mentioned level to reach 597.10$ followed by 614.10$ areas. Expected Outcome The expected trading range for today is between 553.00$ support and 575.00$ resistance.

Trend Forecast: Bullish

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