This/Next Week Forecast (December 7 – 11, 2020)
An uptrend will start as soon, as the market rises above resistance level 592, 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 592, which will be followed by reaching support level 560 and 543.
previous week wheat price forecast
Difference between supply and demand shows fair price between the levels 500 – 540.
Monthly Forecast, December 2020
The uptrend may be expected to continue in case the market rises above resistance level 633, which will be followed by reaching resistance level 675 – 705.
An downtrend will start as soon, as the market drops below support level 580, which will be followed by moving down to support level 543 and 500 – 473.
previous month forecast