Wheat price keeps its stability below the broken support of the bullish channel, to keep the bearish trend scenario active for the upcoming period, which targets 542.00 level mainly, noting that the EMA50 supports the expected decline, reminding you that the continuation of the bearish wave depends on the price stability below 571.30.
The expected trading range for today is between 550.00 support and 570.00 resistance.
The expected trend for today: Bullish