Wheat Technical Chart and Analysis 30th August 2017

Wheat 1709 is tested its support level at $402.42. Now market is expected to start its positive rally towards $414.41 (14-DMA) which could later extend to $419.50. However, any downside will be limited at $389.85. Meanwhile, the RSI and the Stochastic Oscillator are moving up, suggesting negative to neutral view.

 

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