Wheat price bounced downwards clearly after testing the intraday bearish channel’s resistance line, which supports the continuation of our bearish overview efficiently for the rest of the day, waiting to visit 644.20 as a first main target, noting that breaking it will extend the bearish wave to reach 629.40 as a next station, while holding below 662.50 represents key condition to continue the suggested decline.
The expected trading range for today is between 645.00 support and 665.00 resistance.
The expected trend for today: Bearish