Wheat Price Analysis Expected Scenario Wheat price rallied upwards strongly to surpass our second waited target at 685.00$, noticing that the price breached the bullish channels resistance to open the way to achieve more gains on the intraday and short-term basis, noting that the next positive station reaches 716.50$ areas.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, noting that it is important to hold above 688.00$ to continue the bullish wave, as breaking it might push the price to achieve some bearish correction before turning back to rise again.

Expected Trading Range Between the support at 685.00$ and the resistance at 710.00$

Trend Forecast: Bullish