Wheat Price Analysis Expected Scenario Wheat price traded with clear positivity to breach the 629.20$ level and settle above it, hinting at an attempt to stop the bearish correction. Stochastic shows clear negative signals now, while the EMA50 forms continuous negative pressure against the price. We believe that the chances are valid to resume the correctional bearish trend and head to achieve additional negative targets that reach 605.80$. Breaching 652.60$ will stop the expected decline and lead the price to attempt to regain the main bullish track again. Expected Trading Range Between 625.00$ support and 650.00$ resistance.

Trend Forecast: Bearish