Wheat Prices Rally After Testing Support Line

by Yuki

Wheat prices found support on the intraday bullish channel and have risen to settle above $568.50. This movement suggests a continuation of the bullish trend, with the next target set at $599.00. Positive trading is anticipated in the coming sessions. However, if prices fall below $568.50 and remain there, the upward momentum could reverse.

The trading range for today is expected to be between $568.00 and $590.00.

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