Wheat price bounced downwards clearly in the previous sessions after approaching 599.00$ level, to reach the thresholds of the waited negative target at 568.50$, and we suggest breaking this level to achieve additional negative targets that extend to 555.60$.

Therefore, the negative scenario will remain valid and active, noting that breaching 599.00$ will stop the bearish wave and push the price to turn to rise.

The expected trading range for today is between 565.00$ support and 585.00$ resistance.

Trend forecast: Bearish