Wheat Price Analysis Expected Scenario Wheat price continued to decline to succeed achieving our waited target at 605.80$, noticing that the price closed the daily candlestick below it, to reinforce the chances of continuing the decline and achieve new negative targets that reach 576.90$. Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that failing to consolidate below 605.80$ might push the price to start recovery attempts and head to visit 629.20$ areas on the near-term basis. Expected Trading Range The expected trading range for today is between 585.00$ support and 615.00$ resistance.

Trend Forecast: Bearish