Midday update for Wheat price 26-10-2020

Wheat price shows bearish bias now to test the key support 620.00, and the price needs to hold above this level to keep the bullish trend valid for today, as breaking it will press on the price to achieve additional decline that reaches 613.50 before turning back to rise again, while the price needs to get positive momentum to assist to push trades to resume the bullish trend that its next main targets located at 636.30 followed by 640.00.

The expected trading range for today is between 624.00 support and 636.00 resistance.

The expected trend for today: Bullish