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Copper price tests the resistance – Forecast today – 13-2-2025
Copper price returned to renew the bullish attempts after holding above 50% Fibonacci correction level at 4.5400$, to surpass 4.6900$ resistance line this morning and hint its preparation to resume the bullish attack by settling near 4.7100$.
The price needs to gather the additional positive momentum to manage to hold above the mentioned resistance and ease the mission of recording additional gains that might extend towards 4.8050$ and 4.8920$ levels soon.
The expected trading range for today is between 4.6500$ and 4.8050$
Trend forecast: Bullish
Ethereum price (ETHUSD) attempts to recover – Forecast today - 13-02-2025
Ethereum price (ETHUSD) opened today with clear positivity to breach the intraday bearish channel’s resistance line and test the key resistance at 2764.75$, which forms solid barrier against the price, noticing that stochastic lost its positive momentum to show overbought signals now.
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Bitcoin price (BTCUSD) fails to break – Forecast today - 13-02-2025
Bitcoin price (BTCUSD) couldn’t manage to confirm breaking 95195.00$ level, to rebound upwards clearly and test the EMA50 that forms minor resistance at 97535.00$, noticing that the technical indicators provide negative signals that might push the price to decline again.
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Soybean price approaches the target – Forecast today - 13-02-2025
Soybean price broke 1052.40$ level strongly to confirm the continuation of the bearish correction domination on the intraday and short-term basis, and approached the waited target at 1031.90$, showing some temporary bullish bias affected by stochastic positivity.
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Economy Package (1 Year)
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Elite Trader Access (3 Months)
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VIP Trader Subscription (6 Months)
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