Wheat price surpassed the EMA50 to test the key resistance 696.80, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend active for today, supported by stochastic negativity, noting that our main waited target is located at 676.60
The expected trading range for today is between 676.00 support and 696.00 resistance.
The expected trend for today: Bearish