This/Next Week Forecast (November 16 – 20, 2020)
An uptrend will start as soon, as the market rises above resistance level 596, which will be followed by moving up to resistance level 633.
The downtrend may be expected to continue, while market is trading below resistance level 596, which will be followed by reaching support level 573 and if it keeps on moving down below that level, we may expect the market to reach support level 543.
previous week wheat price forecast
Difference between supply and demand shows fair price between the levels 500 – 540.
The uptrend may be expected to continue in case the market rises above resistance level 633, which will be followed by reaching resistance level 705.
An downtrend will start as soon, as the market drops below support level 591, which will be followed by moving down to support level 573 and 543.