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Wheat prices have reached the anticipated target of $568.50, where they found significant support, initiating a bullish trend on an intraday basis. Analysts project that prices may test the $599 mark in the coming sessions. Positive trading is expected, with a break above $580.00 facilitating the achievement of this target. Conversely, a decline below $568.50 could signal further losses.
Today’s trading range is projected between the support level of $570.00 and resistance at $590.00.
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Top 5 Reasons Why Wheat Futures Are Falling