Wheat Price Analysis
Bearish Scenario
- Wheat price provided positive trades but closed below the key resistance at 552.80$.
- Price begins today with new decline, keeping the bearish trend scenario active.
- Targets for the bearish trend are 535.00$ followed by 525.40$ levels as next main stations.
Stochastic Momentum
Stochastic loses the positive momentum clearly to support the suggested negative scenario.
Trading Range
The expected trading range for today is between 535.00$ support and 557.00$ resistance.