Wheat price keeps its positive stability – Forecast today - 29-04-2024

Wheat Price Analysis

• Wheat price provided clear positive trades in the previous sessions to approach our first extended target at 635.00$, and bounced bearishly to test the key support base 614.10$, keeping its stability above it, waiting to resume the bullish wave that its next target reaches 641.50$.
• Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 597.10$ and holding below it.

The expected trading range for today is between 610.00$ support and 630.00$ resistance.

Trend forecast: Bullish