Wheat price continues to fluctuate near the bullish channel’s support line, and the price gets continuous positive support by the EMA50, thus, our bullish overview will remain valid as long as 570.00 level remains intact, noting that we are waiting to rally towards 596.00 level as a next main target.
The expected trading range for today is between 570.00 support and 590.00 resistance.
The expected trend for today: Bullish