Wheat price begins today with new decline to break 972.80 level and attempts to hold below it, reinforcing the expectations of continuing the bearish trend, paving the way to head towards our next negative targets that reach 915.20 followed by 885.50.
The EMA50 continues to support the expected decline, noting that holding below 972.80 represents initial condition to continue the negative scenario.
The expected trading range for today is between 930.00 support and 980.00 resistance.
The expected trend for today: Bearish