Wheat MAY 2020 is heading towards a line of 561.5000. If this movement continues, we expect the price of Wheat MAY 2020 to test 561.5000 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Wheat MAY 2020 is quickly approaching 561.5000. We expect either a breakout through this line, or a rebound.
