Copper price reacted to the major indicators’ positivity to notice providing new pressures on 4.3300$ barrier in order to find a way to activate the bullish attack again.
We will depend on the MA55 forming additional support at 4.2000$, noting that achieving the required breach will ease the mission of recording new gains that might extend towards 4.4400$ and 4.5400$ levels soon.
The expected trading range for today is between 4.2500$ and 4.4400$
Trend forecast: Bullish
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Ethereum price (ETHUSD) finds difficulty to hold above 2764.75$, to move below it now, noticing that stochastic gathers the positive momentum to support the chances to rise in the upcoming sessions and surpass the mentioned level again.
Therefore, we expect to witness positive trades today, and the price needs to breach 2764.75$ resistance to confirm heading towards 3017.30$ that represents our next main target, taking into consideration that failing to breach the mentioned resistance will put the price under additional negative pressure that its targets begin by testing 2480.00$ areas.
The expected trading range for today is between 2580.00$ support and 2890.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) couldn’t manage to breach 100000.00$ resistance, to rebound bearishly and head towards potential test to the key support 95195.00$, noticing that the technical indicators are contradicted now, which makes us prefer to stay aside until the price confirms surpassing one of the mentioned levels followed by detecting its next destination clearly.
Note that breaching the mentioned resistance will lead the price to resume the main bullish trend and achieve gains that start at 105000.00$, while breaking the support represents the key to achieve additional bearish correction that its next main target reaches 87055.00$.
The expected trading range for today is between 94000.00$ support and 103000.00$ resistance.
Trend forecast: Neutral
Wheat price rallied upwards strongly yesterday to confirm breaching 568.50$ and return to the correctional bullish track again, on its way to visit 599.00$ that represents 38.2% Fibonacci correction for the entire decline from 728.30$ to 519.10$.
The EMA50 supports the expected rise, which will remain valid unless breaking 568.50$ and holding below it.
The expected trading range for today is between 580.00$ support and 595.00$ resistance.
Trend forecast: Bullish