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Wheat Price Analysis
The wheat price exhibited pronounced positive movements yesterday, testing the barrier at $650.00. Today, it sustains its upward momentum, propelled by stochastic positivity, suggesting the continuation of the anticipated bullish trend on both an intraday and short-term basis.
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The subsequent primary targets for the bullish trend are established at the $660.00 and $675.50 levels.
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Expected Trading Range for Today
We anticipate the trading range for today to fluctuate between the support level at $635.00 and the resistance level at $655.00.
Trend Forecast: Bullish
