Wheat Price Analysis Expected Scenario Wheat price rallied strongly upwards on last Friday to breach 569.80$ and approach our awaited target at 583.50$. However, the price begins today with clear negativity, approaching testing the key support formed at 569.80$, affected by stochastic negativity. The price needs to consolidate above this level to maintain the correctional bullish trend valid, targeting testing 583.50$ as the next station. Breaking below 569.80$ will halt the expected rise and push the price into a decline, targeting 555.90$ followed by 552.80$ areas before any new positive attempt. Expected Outcome Wheat price rallied strongly upwards on last Friday, breaching 569.80$ and approaching the awaited target at 583.50$. However, today begins with clear negativity, testing the key support at 569.80$, affected by stochastic negativity. Consolidation above this level is crucial to maintain the correctional bullish trend valid, targeting 583.50$ as the next station. Breaking below 569.80$ would halt the expected rise, leading to a decline targeting 555.90$ followed by 552.80$ areas before any new positive attempt.

Expected Trading Range Between 565.00$ support and 585.00$ resistance.

Trend Forecast: Bullish