Copper price confirmed the positive stability above 4.3300$ level, taking advantage of the major indicators that provide the positive momentum to form new bullish wave this morning and settle near 4.4400$.

We expect to renew the bullish rally today to target 50% Fibonacci correction level at 4.5300$, while crawling below 4.3300$ again might force it to postpone the rise and provide some correctional trades by targeting the MA55 at 4.2000$.

The expected trading range for today is between 4.3300$ and 4.5300$

Trend forecast: Bullish

Ethereum price (ETHUSD) returns to rise after the decline that it witnessed in the previous sessions, to approach 3425.50$, waiting to breach this level to confirm the continuation of the rise and achieve positive targets that start at 3555.00$ and extend to 3680.00$.

Stochastic overlaps positively now to support the chances of achieving the required breach followed by achieving the suggested targets, while breaking 3222.00$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 3250.00$ support and 3520.00$ resistance.

Trend forecast: Bullish

Bitcoin price (BTCUSD) opened today’s trading with clear positivity to surpass 100000.00$ barrier and confirm the continuation of the bullish trend domination on the intraday basis, and the way is open to achieve our next waited target at 103500.00$, noting that surpassing this level will push the price to head towards the historical high at 108350.45$ as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 99695.00$ will put the price under negative pressure and might target the key support 95195.00$ before any new attempt to rise.

The expected trading range for today is between 99500.00$ support and 104500.00$ resistance.

Trend forecast: Bullish

Wheat price faced negative pressure yesterday to break 548.40$ level and settle below it, to stop the recently suggested positive scenario and head towards resuming the main bearish trend again, on its way to achieve negative targets that start at 532.50$ and extend to 519.10$.

The continuation of the bearish wave depends on the price stability below 548.40$, as breaching it will lead the price to recover again to head towards achieving gains that reach 568.50$.

The expected trading range for today is between 535.00$ support and 550.00$ resistance.

Trend forecast: Bearish