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In recent trading sessions, wheat prices have demonstrated a notable positive trend, surpassing the 545.00$ level and closing above it. This advancement suggests a bullish correction, aiming to recover from a low of 728.30$ with an initial target of 578.40$.
Today’s outlook favors a bullish trend; however, if prices fall below 543.80$, this could halt the upward movement and lead to a decline.
Traders should anticipate a trading range between 540.00$ as support and 565.00$ as resistance for the day.
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