FxPro - Analytics


717.75 6.25/10
90% of positive reviews

Wheat Wave Analysis – 27 May, 2019

Wheat Wave Analysis – 27 May, 2019
  • Wheat reversed from support area
  • Further gains are likely

Wheat recently reversed up from the support area lying between the pivotal support level 473.00 (former major resistance from last June) and the 38.2% Fibonacci correction of the previous upward impulse from the middle of May.

The upward reversal from this support area continues the active short-term impulse wave c of the ABC correction 4 from March.

Wheat is expected to rise further and retest the next resistance level 500.00 (target for the completion of the active impulse wave c).


Source: FxPro

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree