15
Wheat prices have shown robust upward momentum in recent sessions, poised to potentially reach $578.40 as the initial target, bolstered by support from the EMA50 which is currently guiding prices upwards.
Maintaining a level above $548.00 is crucial for sustaining this anticipated uptrend. A breach below this mark could prompt a return to the primary bearish trajectory.
Today’s anticipated trading range spans from a support level at $550.00 to a resistance level at $565.00.
Related topic: