Wheat price shows more rise after building support base above 662.45, to keep the bullish trend scenario valid and active for the upcoming period, and the way is open to achieve our next target that reaches 692.00.
Therefore, we are waiting for more rise on the intraday and short term basis, supported by the EMA50 and stochastic, noting that holding above 662.45 is important to continue the bullish trend.
The expected trading range for today is between 660.00 support and 695.00 resistance.
The expected trend for today: Bullish