Wheat Price Analysis Expected Scenario Wheat price shows more bearish bias to move away from 576.90$ level and reinforce the expectations of continuing the bearish trend domination, organized inside the bearish channel that appears on the chart, noting that our next target declines to 554.00$. The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 576.90$. Expected Trading Range Between 560.00$ support and 575.00$ resistance.

Trend Forecast: Bearish