Wheat Weekly Forecast

Weekly Forecast (November 7 – 11, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 854.2, which will be followed by moving up to resistance level 904 and 947.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 822.4, which will be followed by moving down to support level 791.2.

Monthly Forecast, November 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 872.4, which will be followed by moving up to resistance level 947 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1037.6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 872.4, which will be followed by reaching support level 743.6.

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