Wheat reached our short-term downside target which was 585.
Now we need to see if the pullback from 635 will hold here.
As you can see on the chart below 575 Wheat will move another leg lower.
However, based on our overall technical model we expect to see another bounce.
This bounce will be confirmed on an intraday close above 591.
Traders that like to take this trade should keep a suggested sell stop at 575.
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