Wheat price succeeded to achieve the waited extended target at 766.50 and attempts to breach it, to support the chances of continuing the bullish trend on the short term and medium term basis, expecting to target the previously recorded top at 782.20 as a next main station.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 750.00 and the most important above 741.90.
The expected trading range for today is between 755.00 support and 782.00 resistance.
The expected trend for today: Bullish