Wheat price shows some slight bullish bias to approach retesting 503.70 level again, and as long as the price is below this level, our bearish overview will remain valid for today, supported by stochastic loss to the positive momentum, noting that our next main target is located at 483.20.
The expected trading range for today is between 490.00 support and 505.00 resistance.
The expected trend for today: Bearish