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No news for copper price – Forecast today – 8-1-2025

Economies.com
2025-01-08 05:53AM UTC

Copper price didn’t move since yesterday, to continue fluctuating near the minor bearish channel’s resistance line at 4.1600$, to keep the chances of activating the previously waited negative track.

 

Also, the consolidation of the MA55 near the additional barrier at 4.2000$ supports our bearish overview, to keep waiting to target the negative stations soon, which start at 4.000$ and 3.9300$ levels.

 

The expected trading range for today is between 3.9300$ and 4.1600$

 

Trend forecast: Bearish

Ethereum price (ETHUSD) suffers strong losses – Forecast today - 08-01-2025

Economies.com
2025-01-08 04:08AM UTC

Ethereum price (ETHUSD) continued to decline to break 3425.50$ level and close the daily candlestick below it, to fall under more negative pressure and head towards visiting 50% Fibonacci correction level at 3222.00$.

 

Therefore, we expect the continuation of the bearish trend domination in the upcoming sessions, noting that breaching 3425.50$ will stop the current bearish wave and lead the price to attempt to recover and achieve gains that start by visiting 3680.00$ areas.

 

The expected trading range for today is between 3230.00$ support and 3480.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) under the negative pressure – Forecast today - 08-01-2025

Economies.com
2025-01-08 04:08AM UTC

Bitcoin price (BTCUSD) settles around 96500.00$ level, and we expect the continuation of the bearish bias to test 95195.00$, being aware that it is important to monitor the price at this level, as breaking it will lead the price to achieve additional bearish correction that targets 90000.00$ followed by 87055.00$ as main negative stations.

 

Moving below the EMA50 supports the suggested bearish wave, while breaching 99785.00$ will stop the current negative pressure and lead the price to resume the main bullish trend again.

 

The expected trading range for today is between 93500.00$ support and 98500.00$ resistance.

 

Trend forecast: Bearish

Soybean price attempts positively – Forecast today - 08-01-2025

Economies.com
2025-01-08 04:07AM UTC

Soybean price started to rebound bullishly after testing the support base that was formed at the breached resistance that appears on the chart, to keep the bullish trend scenario active for the upcoming period, reminding you that the expected targets begin at 1015.00$ followed by 1030.00$.

 

Stochastic negativity might push the price to provide new negative trades, noting that breaking 986.50$ will stop the suggested bullish wave to complete forming bearish pattern that we expect to push the price to turn to decline.

 

The expected trading range for today is between 985.00$ support and 1015.00$ resistance.

 

Trend forecast: Bullish

Frequently asked questions

What is the price of Copper today?

The price of Copper is $5.4975 (2025-07-17 07:54AM UTC)