Wheat price shows some slight bullish bias affected by stochastic positivity, waiting to resume the negative trades to break 573.00 and confirm extending the correctional bearish wave that its next target located at 553.30.
Therefore, we will keep our bearish overview for the upcoming sessions conditioned by the price stability below 587.00 and the most important below 597.30.
The expected trading range for today is between 565.00 support and 585.00 resistance.
The expected trend for today: Bearish