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Wheat prices fell below the $568.50 mark and closed the daily candlestick under this level, disrupting the previously anticipated positive trend and reverting to a bearish trajectory. Prices are now projected to reach negative targets starting at $552.00 and potentially extending to $532.00.
Today’s forecast leans bearish, with a key level at $558.80. A drop below this point could facilitate reaching the predicted targets. The bearish outlook will remain unless prices breach and sustain above $568.50.
The expected trading range for today is between $555.00 (support) and $570.00 (resistance).
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