Wheat Price Analysis Expected Scenario Wheat price provided additional negative trades to succeed achieving our new waited target at 576.90$, noticing that the price broke this level and closed the last daily candlestick below it, to fall under more expected negative pressure in the upcoming period and head towards achieving new targets that reach 560.80$ as a next negative station. Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis, noting that breaching 576.90$ will lead the price to start recovery attempts and head to test 598.90$ followed by 605.80$ levels before any new attempt to decline. Expected Trading Range The expected trading range for today is between 560.00$ support and 580.00$ resistance.

Trend Forecast: Bearish