Wheat price attempted to breach 790.00 level but it opened today negatively to settle below it, which keeps the bearish trend scenario active, supported by the negative pressure formed by the EMA50, waiting to visit 760.00 followed by 741.30 levels as main targets.
The bearish channel continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 790.00 and 800.50 levels.
The expected trading range for today is between 760.00 support and 795.00 resistance.
The expected trend for today: Bearish