Wheat price breached the minor bearish channel’s resistance and closed the last four hours’ candlestick above it, which leads the price to turn to rise and achieve expected gains for the rest of the day, on its way to test 636.30 followed by 640.00 levels initially.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 624.50 level and holding below it.
The expected trading range for today is between 624.00 support and 636.00 resistance.
The expected trend for today: Bullish