Wheat Weekly Forecast

Weekly Forecast (February 27 – March 3, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 735, which will be followed by moving up to resistance level 787.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 719, which will be followed by reaching support level 681,6.

Monthly Forecast, February – March 2023

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 723, which will be followed by reaching resistance level 947,2.
Downtrend scenario
An downtrend is not expected this month.

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