In recent trading sessions, wheat prices have demonstrated notable upward momentum, with yesterday’s market movements notably breaching the $650.00 barrier. Today, this positive trajectory persists, buoyed by stochastic indicators signaling an ongoing bullish trend, both intraday and in the short term.
Market analysts anticipate further bullish momentum, with the next significant targets identified at the $660.00 and $675.50 levels.
As traders prepare for today’s session, the projected trading range stands between the support level at $635.00 and resistance at $655.00.
In light of recent trends and technical indicators, the overall forecast for wheat prices remains bullish, underscoring potential opportunities for market participants.