Wheat price continues to fluctuate at the intraday bearish channel’s resistance, and as long as the price is below 606.50, our bearish overview will remain valid for today, as breaching this level will lead the price to resume the main bullish track again, while our next negative target is located at 592.50.
The expected trading range for today is between 595.00 support and 615.00 resistance.
The expected trend for today: Bearish