Wheat Wednesday Forecast

Wednesday Forecast (July 26, 2023)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 778,6, which will be followed by reaching resistance level 816,6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 778,6, which will be followed by reaching support level 675,6.

Weekly Forecast (July 24 – 28, 2023)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 778,6, which will be followed by reaching resistance level 816,6.
Downtrend scenario
An uptrend will start from resistance level 770 – 778,6, which will be followed by moving up to resistance level 680.

Monthly Forecast, July 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 680, which will be followed by moving up to resistance level 778.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 638, which will be followed by moving down to support level 587.

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