Wheat price rallied bullishly yesterday to retest 629.40 level again, and the price needs to hold below this level to keep the negative effect of the double top pattern active, waiting to rebound bearishly to resume the bearish trend and head towards 614.60 followed by 596.30 levels as main negative targets.
On the other hand, we should note that breaching 629.40 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 614.60 support and 635.00 resistance.
The expected trend for today: Bearish