Wheat Prices Maintain Upward Trend, Targeting $599

Wheat prices are exhibiting a steady bullish trend, remaining within the upward channel identified on the chart. The next key target for wheat prices is projected to be $599.00.

Analysts recommend maintaining a bullish outlook for the near term, buoyed by the support from the EMA50, which continues to underpin the price movement from below. It is crucial for prices to stay above $568.50 to meet the anticipated targets.

For today, the expected trading range is between $570.00 on the support level and $590.00 on the resistance level.

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