Wheat Price Analysis Bearish Trend Continues Wheat price tested the key resistance at 569.80$ and bounced bearishly from there, keeping the bearish trend active.

Expected Scenarios The bearish trend remains supported by moving below the EMA50. The waited targets begin at 552.80$ followed by 541.80$. Settling below the bullish channels support line reinforces the negative overview. It is important to hold below 569.80$ to achieve the suggested targets. Trading Range The expected trading range for today is between support at 550.00$ and resistance at 567.00$.

Trend forecast: Bearish