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Bitcoin price (BTCUSD) breaches the resistance – Forecast today - 15-01-2025

Economies.com
2025-01-15 04:26AM UTC

Bitcoin price (BTCUSD) continued to rise to breach 95195.00$ and close the daily candlestick above it, to stop the correctional bearish scenario and head to return to the main bullish track again, on its way to achieve gains that start at 100000.00$ and extend to 103500.00$ as next main stations.

 

Stochastic negativity might hinder the mission to rise, taking into consideration that breaking 95195.00$ will stop the bullish wave and put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 95200.00$ support and 100000.00$ resistance.

 

Trend forecast: Bullish

Wheat price gathers the positive momentum – Forecast today - 15-01-2025

Economies.com
2025-01-15 04:25AM UTC

Wheat price shows some bearish bias to test the support based formed at 548.40$ after breaching it previously, noticing that stochastic gains the positive momentum clearly, waiting to motivate the price to resume the bullish wave that its next main target reaches 568.50$.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 546.80$ and holding below it.

 

The expected trading range for today is between 545.00$ support and 560.00$ resistance.

 

Trend forecast: Bullish

Sugar price hits the target – Forecast today - 15-01-2025

Economies.com
2025-01-15 04:25AM UTC

Sugar price succeeded to achieve our waited negative target at 17.70$ and broke it to close the daily candlestick below it, to open the way to continue the decline on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, noting that the next target reaches 16.90$.

 

The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 18.25$ and hold above it.

 

The expected trading range for today is between 17.10$ support and 17.90$ resistance

 

Trend forecast: Bearish

Soybean price hits the extended target – Forecast today - 15-01-2025

Economies.com
2025-01-15 04:25AM UTC

Soybean price managed to touch our waited target at 1060.00$, noticing that the price bounced downwards temporarily to gather the positive momentum on the intraday time frames, waiting to resume the bullish wave that its next target reaches 1080.00$.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 1040.00$ and holding below it.

 

The expected trading range for today is between 1040.00$ support and 1080.00$ resistance.

 

Trend forecast: Bullish