Wheat price shows more bullish bias to reach the intraday bullish channel’s support line, and begins to gather new positive momentum, waiting to motivate the price to resume the bullish wave that targets 850.00 followed by 885.00 levels as next main stations.
Therefore, our bullish overview will remain valid and active, noting that the continuation of the bullish wave requires holding above 800.00.
The expected trading range for today is between 800.00 support and 845.00 resistance.
The expected trend for today: Bullish