Wheat Price Analysis Expected Scenario Wheat prices recent trades are confined within bearish pennant pattern that appears on the chart, thus, the price needs to break 627.00$ to activate the negative effect of this pattern followed by rallying to resume the correctional bearish trend, which targets 605.80$ as a next station. Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that it is important to hold below 652.60$ to continue the expected decline. Expected Trading Range Between 610.00$ support and 640.00$ resistance

Trend Forecast: Bearish