Wheat Thursday Forecast

Thursday Forecast, March 30, 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 720,6, which will be followed by moving up to resistance level 771.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 720,6, which will be followed by reaching support level 661.

Weekly Forecast (March 27 – 31, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 720,6, which will be followed by moving up to resistance level 771.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 720,6, which will be followed by reaching support level 647,2.

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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