Wheat price exhibited negative trading during the last session, testing the crucial support at 595.50. However, the price has started today on a positive note, consolidating above this level. Currently, it remains trapped between the pivotal support and the resistance at 605.00. This situation upholds our neutral stance, as a decisive move beyond either level is necessary to determine the subsequent direction.
The ongoing contradiction in technical factors further supports our neutral outlook. Additional details regarding expected targets post-breach have been outlined in our preceding report on wheat price.
The expected trading range for today is defined between the support level at 590.00 and the resistance level at 610.00.
Expected Trend for Today: Neutral
