Wheat Price Analysis Expected Scenario Wheat price succeeded to break 681.50$ level clearly and closed the daily candlestick below it, to confirm the activate of the head and shoulders pattern and head towards achieving bearish correction on the intraday basis, targeting testing 652.60$ initially, noting that breaking it will push the price towards 629.20$ as a next negative target. Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 681.50$ and 687.50$ levels. Expected Trading Range Between 655.00$ support and 681.50$ resistance.

Trend Forecast: Bearish