Wheat prices continue to move in line with the medium-term upward trend. The previously designated target of 940 was successfully achieved on Friday.
The rise looks confident: drawdowns below the trend line are redeemed within 1-2 days, while the RSI indicator is situated far away from the overbought zone. It means any significant corrections are still not needed to sustain the growth, a rollback to the trend line is enough.
After gaining a foothold at the mark above 940, the growth targets can be rearranged to the levels of 985 and 1040.