5
Wheat prices continue to exhibit a bearish trend, moving downwards with signs of further intraday decline. The next anticipated target lies at $568.50, and breaking below this level could drive prices down to $555.60. The EMA50 indicator supports this bearish outlook, which remains in effect as long as prices do not breach the $599.00 resistance level and sustain above it.
Expected Trading Range for Today: Support at $570.00 and resistance at $582.00.
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Trend Forecast: Bearish
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