Wheat price traded with clear negativity yesterday to surpass our first target at 555.60$ and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, affected by the previously completed head and shoulders’ pattern, reminding you that we are waiting to visit 519.10$ as a next main target. Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis unless the price rallied to breach 568.50$ - 571.50$ levels and hold above them. The expected trading range for today is between 545.00$ support and 560.00$ resistance. Trend forecast: Bearish
