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Wheat prices experienced downward pressure yesterday, reaching a low of $532.10. However, today’s market shows a bullish trend, supported by positive stochastic indicators. The price is anticipated to rebound, targeting $556.00 and potentially $578.40.
If prices remain below $532.10, the anticipated rise could be halted, leading to a return to the bearish trend.
For today, the expected trading range is between $525.00 for support and $550.00 for resistance.
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