Wheat price trades positively to approach the EMA50, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 536.80 to open the way to head towards 520.30 as a next station, while holding below represents key condition to continue the suggested decline.
The expected trading range for today is between 530.00 support and 550.00 resistance.
The expected trend for today: Bearish