2
Wheat prices have successfully reached the first target of $543.00, with further declines anticipated in the coming sessions. The next key target for the bearish trend is $519.10.
The negative pressure from the head and shoulders pattern remains in play, reinforcing the outlook for continued downside movement. It is crucial for the price to stay below $568.50 to maintain the bearish momentum.
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The expected trading range for today is between $535.00 (support) and $555.00 (resistance).
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Trend Forecast: Bearish
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