Wheat Price Analysis Expected Scenario Wheat price declined clearly yesterday, as it broke 722.00$ to head towards potential visit to the bullish channels support line around 688.00$, noticing that stochastic gains the positive momentum to support the chances of resuming the main bullish trend. We suggest the continuation of the overall bullish trend, which its next target located at 744.50$, it might be preceded by some temporary decline to test the above mentioned support, noting that breaking 688.00$ will stop the bullish wave and push the price to start bearish correction on the intraday and short-term basis. Expected Trading Range Between 690.00$ support and 720.00$ resistance.

Trend Forecast: Overall bullish