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WHEAT

Oleh GTrading_Academy
Like other commodities Wheat dropped down more than 15% becasue of coronavirus effect. By statistics the March-May is a bullish period for Wheat futures. Meantime humankind demand for wheat definitely will not drop, as we need to eat even when it is phandemic. On the other hand the supply issues due to coronavirus can boost the price as well. The price range between 480-490$ per bushel can be good zone for long trades
Technical IndicatorsTrend Analysis
GTrading_Academy

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