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Bitcoin price (BTCUSD) begins positively – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:19AM UTC

Bitcoin price (BTCUSD) opens today’s trading with clear positivity to test 68000.00$ barrier, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, reminding you that our next targets start at 70000.00$ and extend to 70850.00$.

 

The technical indicators provide positive signals that support the expectations to rise, noting that breaking 66875.00$ will push the price to decline and test the critical support 65480.00$ before any new attempt to rise.

 

The expected trading range for today is between 66300.00$ support and 70000.00$ resistance

 

Trend forecast: Bullish

Wheat price surpasses the resistance – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:19AM UTC

Wheat price ended yesterday above 599.00$ level, to head towards achieving expected gains in the upcoming sessions and target visiting 50% Fibonacci correction level at 623.70$ as a next main station.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 599.00$ will put the price under the negative pressure again and open the way to achieve negative targets that start at 585.00$.

 

The expected trading range for today is between 595.00$ support and 615.00$ resistance

 

Trend forecast: Bullish

Sugar price touches the target – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:18AM UTC

Sugar price succeeded to achieve our first waited target at 21.55$ and found solid support there, to show some bullish bias and test the EMA50 that forms resistance barrier against the price, waiting to resume the negative trades to break the mentioned level followed by opening the way to head towards 20.80$ as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 22.73$ and hold above it.

 

The expected trading range for today is between 21.35$ support and 22.20$ resistance

 

Trend forecast: Bearish

Soybean price hits the first target – Forecast today - 18-10-2024

Economies.com
2024-10-18 04:18AM UTC

Soybean price managed to achieve our first waited target at 984.00$ and bounced bullishly to test 1000.00$ barrier, noticing that stochastic shows clear negative signals now, waiting to push the price to resume the bearish trend that its next target extends to 960.30$.

 

The negative pressure formed by the EMA50 supports the suggested bearish wave, reminding you that breaching 1000.00$ will lead the price to achieve intraday gains and visit 1028.80$ before any new negative attempt.

 

The expected trading range for today is between 980.00$ support and 1010.00$ resistance

 

Trend forecast: Bearish