80
Yesterday, wheat prices experienced significant downward pressure, breaking below the crucial support level of $576.90 and closing the daily session below it. This development suggests a potential for further declines in upcoming trading sessions, with a target set around the $556.00 mark.
The prevailing bearish sentiment indicates a cautious outlook for today, contingent upon the price remaining below $583.20. A breach above this level could halt the anticipated downtrend and potentially signal a recovery attempt.
Expected Trading Range:
Support: $565.00
Resistance: $583.00
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