Wheat oversold but below 484/483 keeps the pressure on for 481/480, then minor support at 478/477. This could hold the downside, bearing the situation in mind. However, longs look risky....a break below 476 targets 472/471.
Above 484 allows a recovery to resistance at 488/489. If, however, we continue higher, look for 495/496 then strong resistance at 498/499 for a selling opportunity, but shorts need stops above 501. A break higher, however, is a positive signal and initially targets 504/505.