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Wheat Prices Eye Further Upside Momentum, Targets $685 Amid Bullish Channel

by Daisy

Wheat prices have reached the initial awaited target of $660.00, currently consolidating around this level in anticipation of a potential uptick. Market observers are eyeing a continuation of the bullish trajectory within the established channel, with the next target projected at $685.00.

The sustainability of the bullish trend hinges on maintaining price stability above $632.00, a critical level for sustaining upward momentum.

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In terms of trading dynamics, the anticipated range for today spans from a support level of $650.00 to a resistance level of $675.00.

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Market analysts forecast a bullish trend for wheat prices, anticipating further upside momentum in the near term.

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