Wheat Price Analysis Expected Scenario Wheat price settles below the broken support of the bullish channel, to keep the correctional bearish trend scenario valid for the upcoming period, waiting to visit 681.50$ as a first target, reminding you that breaking it will extend the bearish wave to reach 652.60$ as a next negative target. Holding below 705.50$ is important to the continuation of the expected decline, as breaching it will stop the negative scenario and push the price to resume the main bullish trend again. Expected Trading Range Between 680.00$ support and 705.00$ resistance.

Trend Forecast: Bearish