Wheat Price Analysis Bearish Scenario Wheat price provided positive trades but closed below the key resistance at 552.80$. Price begins today with new decline, keeping the bearish trend scenario active. Targets for the bearish trend are 535.00$ followed by 525.40$ levels as next main stations. Stochastic Momentum Stochastic loses the positive momentum clearly to support the suggested negative scenario.

Trading Range The expected trading range for today is between 535.00$ support and 557.00$ resistance.

Trend forecast: Bearish