Thursday Forecast

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 603.5, which will be followed by reaching resistance level 616.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 603.5, which will be followed by moving down to support level 591 - 586.

Wheat

This/Next Week Forecast (October 12 - 16, 2020)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 586, which will be followed by reaching resistance level 633.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 586, which will be followed by moving down to support level 573 and 539.

Wheat

Previous week wheat price forecast

Wheat

Fundamental Analysis

Difference between supply and demand showing fair price between the levels 500 - 540.

Wheat

Long-term Forecast (Quarter III: July - September, 2020)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 466, which will be followed by reaching resistance level 541 and 573 - 591.

Downtrend scenario

The local downtrend may be expected to continue, while market is trading below resistance level 502, which will be followed by reaching support level 466 and if it keeps on moving down below that level, we may expect the market to reach support level 422.

Wheat

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

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