No news for copper price, to continue providing slow sideways trades by settling near 4.5400$, affected by the contradiction between the major indicators until this moment, reminding you that the frequent stability below 4.6800$ barrier reinforces the chances of resuming the negative correction that might target 4.3900$ level soon, followed by reaching the minor bullish channels’ support line at 4.3200$.
The expected trading range for today is between 4.3900$ and 4.5600$
Trend forecast: Bearish
Ethereum price (ETHUSD) traded with strong negativity to succeed achieving our target -suggested in our last technical update- at 2030.00$, showing some slight bullish bias by today’s open, affected by stochastic reach to the oversold areas.
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Bitcoin price (BTCUSD) declined sharply after confirming breaking 91200.00$ level, to surpass the first negative target at 87055.00$ strongly and open the way to achieve more bearish correction in the upcoming sessions, targeting testing 80474.50$ as a next station.
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Wheat price shows some slight bullish bias by today’s open, while the bearish trend still valid and active, waiting to get negative motive that assist to push the price to resume the bearish wave that its next target located at 543.70$, noting that breaking this level will push the price towards 519.10$ on the near-term basis.
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