Copper price started today by providing new negative close below 50% Fibonacci correction level at 4.5400$, confirming its surrender to the previously suggested bareish scenario to repeat its fluctuation near 4.4900$ level.

We expect to get more negative momentum by stochastic to start targeting the negative stations, located near 4.4100$ and 4.3200$ now.

The expected trading range for today is between 4.4100$ and 4.5600$

Trend forecast: Bearish

Ethereum price (ETHUSD) declined strongly yesterday after consolidating below 2356.50$, to succeed achieving our first new target at 2200.00$ and surpass it to confirm opening the way to decline in the upcoming period, and the way is open to visit 2100.00$ that represents our next negative target.

Bitcoin price (BTCUSD) bounced downwards strongly yesterday after testing 87055.004 level, to reach the new waited target at 80474.40$ direct, which represents 50% Fibonacci correction level for the rise measured from 52600.00$ to 108350.45$, starting today with strong negative pressure that supports the chances of surpassing this level to open the way to achieve more bearish correction in the upcoming period.

Wheat price traded with strong negativity yesterday to surpass our waited target at 568.50$ and settle below it, opening the way to continue the decline on the intraday and short-term basis, to head towards visiting 543.70$ level as a next negative target.