Wheat price showed sudden bullish rally yesterday but it returned to fluctuate around 680.20, noticing that the EMA50 presses negatively on the price, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to continue the expected bearish trend for the upcoming period, which targets 659.40 as a next station, while achieving it requires holding below 687.00.
The expected trading range for today is between 670.00 support and 690.00 resistance.
The expected trend for today: Bearish