Wheat Price Analysis Wheat price rallied upwards strongly yesterday to breach 641.50$ and settle above it, to open the way to achieve new gains that start at 660.00$ and extend to 675.50$ as next main stations.

The EMA50 supports the price from below to reinforce the expectations to rise, noting that breaking 641.50$ will stop the suggested bullish wave and put the price under negative pressure on the intraday basis.

Expected Trading Range for Today Support: 643.00$ Resistance: 660.00$ Trend Forecast Bullish