Wheat price traded with clear positivity yesterday to approach our first waited target at 762.50, leaning on the intraday bullish channel’s support line now, waiting to resume the bullish wave that its next target reaches 778.10.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 750.50 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 745.00 support and 770.00 resistance.
The expected trend for today: Bullish