Wheat price faces negative pressure now affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the main bullish trend, which moves inside the bullish channel that appears on the chart, reminding you that our next target reaches 590.50, while achieving it requires holding above 557.30.
The expected trading range for today is between 570.00 support and 590.00 resistance.
The expected trend for today: Bullish