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Wheat prices are experiencing a tranquil upward movement, successfully surpassing the EMA50. This development bolsters the anticipation of a sustained bullish trend with a next primary target at 605.00.
It’s worth noting that stochastic negativity might lead to temporary sideways fluctuations before the expected bullish trend continues. The validity of this bullish outlook is contingent on the price’s ability to remain above the 581.00 support level.
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The projected trading range for today is situated between support at 582.00 and resistance at 597.00.
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Today’s expected trend: Bullish
