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Copper price provides mixed trades – Forecast today – 24-4-2024
Economies.com
2024-04-24 05:33AM UTC
Suggested Scenarios and Trading Range Analysis
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Scenario 1: Continuation of Bearish Momentum
The copper price has been influenced by stochastic negativity, leading to the postponement of bullish trades and the initiation of a correctional bearish trajectory. Yesterday, it crawled towards $4.3760, approaching the first target outlined in our previous report.
- Frequent stability below $4.5400 reinforces the correctional bearish bias.
- Continuous negative momentum signals from stochastic indicators.
- Anticipate an attack on the $4.3000 level in the near term.
- Breaking below $4.3000 could further drive the price down, targeting $4.1500.
Expected Trading Range for Today
Between $4.5100 and $4.3000.
Trend Forecast: Bearish
Ethereum price (ETHUSD) needs strong positive motive – Forecast today - 24-04-2024
Economies.com
2024-04-25 03:55AM UTC
Ethereum Price (ETHUSD)
Expected Scenario
- Ethereum price (ETHUSD) shows calm positive trades to move away from the 3200.00$ barrier gradually, reinforcing the expectations of continuing the bullish trend on the intraday basis, which targets testing 3360.31$ mainly.
- The EMA50 supports the price from below to support the chances of achieving more rise in the upcoming sessions, noting that breaking 3132.80$ will put the price under the correctional bearish pressure again, to head towards visiting 2905.30$ areas mainly.
Expected Trading Range
The expected trading range for today is between 3150.00$ support and 3340.00$ resistance.
Trend Forecast: Bullish
Bitcoin price (BTCUSD) within tight range – Forecast today - 24-04-2024
Economies.com
2024-04-24 04:01AM UTC
Bitcoin Price (BTCUSD)
Expected Scenario
- Bitcoin price (BTCUSD) fluctuates within a tight track in the previous sessions, finding solid resistance at 67030.00$, waiting to breach this level to open the way to rally towards our next positive target at 70000.00$.
- Stochastic overlaps positively to support the chances of rising in the upcoming sessions, besides the continuous positive support provided by the EMA50, taking into consideration that breaking 65391.75$ will stop the expected rise and force the price to decline again.
Expected Trading Range
The expected trading range for today is between 65500.00$ support and 69000.00$ resistance.
Trend Forecast: Bullish
Wheat price hits the second target – Forecast today - 24-04-2024
Economies.com
2024-04-24 04:00AM UTC
Wheat Price
Expected Scenario
- Wheat price provided new positive trades to touch our second waited target at 597.10$, noticing that the price closed yesterday above it, to support the chances of continuing the bullish trend in the upcoming sessions and pave the way to head towards the next positive station at 614.10$.
- Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 583.50$ and holding below it.
Expected Trading Range
The expected trading range for today is between 585.00$ support and 610.00$ resistance.
Trend Forecast: Bullish