Wheat Price Analysis Expected Scenario Wheat price broke the bullish channels support line clearly and settled below it, to start bearish correction for the rise that started from 530.10$ areas, on its way to test 681.50$ level initially, noting that breaking this level will push the price towards 652.60$ as a next main station. On the other hand, we should note that breaching 698.50$ will stop the expected decline and lead the price to return to the main bullish track again. Expected Trading Range Between 680.00$ support and 705.00$ resistance.

Trend Forecast: Bearish