Wheat price rallied upwards strongly yesterday to surpass our waited target at 692.00, settling above 700.00 barrier, to support the chances of continue the bullish trend on the short term and medium term basis, noting that the next target reaches 750.00.
The EMA50 continues to support the suggested bullish wave, noting that holding above the support base formed above 692.00 is important to achieve the waited targets.
The expected trading range for today is between 695.00 support and 735.00 resistance.
The expected trend for today: Bullish