Wheat price surpasses the resistance – Forecast today - 26-04-2024

Wheat Price Analysis

Expected Scenario

• Wheat price has managed to breach the 614.10$ level and close the daily candlestick above it.
• This reinforces the expectations of continuing the bullish trend on the intraday and short-term basis.
• It opens the way for the price to head towards 635.00$ followed by 641.50$ levels as the next main targets.

Expected Trading Range

Between the support at 610.00$ and the resistance at 630.00$.