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Wheat prices have demonstrated clear positive momentum, moving away from the $568.50 level. This movement reinforces expectations for a continuation of the bullish trend on an intraday basis, with a target of $599.00 as the next key milestone.
The price’s movement above the EMA50 further supports this anticipated bullish trend. This trend is expected to remain valid unless prices fall below $568.50 and maintain that position.
For today, the projected trading range is set between a support level of $575.00 and a resistance level of $599.00.
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