Wheat Price Analysis Expected Scenario Wheat price bounced bearishly after touching the resistance of the bullish channel on the chart, signaling a bearish wave towards the channel's support line around 674.50$.

Therefore, a bearish bias is suggested for the upcoming sessions. Breaking 700.50$ will facilitate achieving the awaited target. Note that breaching 710.00$ will halt the expected decline and lead to price recovery.

Expected Trading Range Between the support at 674.50$ and the resistance at 710.00$.

Trend Forecast: Bearish