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The price of wheat is currently testing the intraday bullish trend line displayed on the chart. It’s important to note that the stochastic indicator is showing clear oversold signals, which could serve as motivation for the price to continue the anticipated intraday bullish trend. The next target for this trend is located at 605.00.
To maintain the scenario of a bullish trend, it’s crucial for the price to remain above the support level at 580.00.
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Today’s Expected Trading Range: 575.00 – 590.00
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Today’s Trend Outlook: Bullish
