Wheat Prices Expected to Decline Amid Bearish Trend

by Daisy

The price of wheat has resumed its downward trend, moving away from the $605.80 level and reinforcing expectations of continued bearish momentum. This decline opens the path towards the next main target of $576.90.

The bearish channel is effectively organizing the anticipated downward wave. This bearish trend is expected to persist as long as the price remains below the $605.80 threshold.


Expected Trading Range for Today

Support: $580.00


Resistance: $605.00

Trend Forecast: Bearish

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