Wheat Price Analysis Expected Scenario Wheat price continued to decline to approach our waited target at 554.00$, and it might show some temporary bullish bias affected by stochastic positivity before turning back to decline again, as we expect to target 546.00$ followed by 530.10$ levels as new negative stations. Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 576.90$ will stop the expected decline and lead the price to start recovery attempts and build a bullish wave that targets 605.80$ as its first main target. Expected Trading Range Between 545.00$ support and 575.00$ resistance.

Trend Forecast: Bearish