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Wheat prices saw an uptick in trading yesterday, maintaining momentum within a bullish intraday channel on the charts. This movement aligns with expectations for prices to reach the $564.60 level as the next target.
Looking ahead, the bullish trend is expected to persist. However, a drop below the $539.90 and $536.00 levels could reverse the upward trend and introduce negative pressure on prices.
For today, the anticipated trading range is between $540.00 and $560.00, with $540.00 serving as support and $560.00 as resistance.
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