Wheat price attempts to surpass the main bullish channel’s resistance, to support the expectations of continuing the bullish trend, noting that our next target is located at 768.50.
Stochastic and the EMA50 provide positive signals that support the expected rise, which will remain valid unless breaking 726.80 and holding below it.
The expected trading range for today is between 745.00 support and 765.00 resistance.
The expected trend for today: Bullish