5
Wheat prices showed clear positive movement yesterday, breaching the $554.20 resistance level and settling above it. This has set the stage for further gains, with the next target at $568.50.
We expect continued upward momentum in the coming sessions. However, if the price falls back below $554.20, it may trigger a decline, with potential downside targets at around $519.10.
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The expected trading range for today is between support at $554.00 and resistance at $568.00.
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Trend Forecast: Bullish
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