Wheat price did not show any strong move since morning, to continue fluctuating below the EMA50, thus, the bearish trend scenario will remain valid as it is for today, which its first target located at 503.70, reminding you that it is important to hold below 520.30 to continue the expected decline.
The expected trading range for today is between 500.00 support and 515.00 resistance.
The expected trend for today: Bearish