Wheat Price Analysis Expected Scenario Wheat price continued to decline to touch the bullish channels support line that appears on the chart, waiting to rebound bullishly to resume the main bullish track within this channel and head to test $728.30 initially, supported by stochastic positivity. Therefore, the main bullish trend still active, noting that breaking $692.00 will push the price to achieve bearish correction that its targets begin at $681.50 and extend to $652.60 after breaking the previous level. Expected Trading Range Between $688.00 support and $710.00 resistance.

Trend Forecast: Bullish