Bitcoin price (BTCUSD) hits the first target – Forecast today - 13-09-2024

Wheat price provided additional positive trades yesterday to approach the waited target at 599.00$, and continues to move inside the bullish channel that supports the chances of surpassing the mentioned level and achieve more bullish correction on the intraday and short-term basis, to extend the targets towards 623.70$.

Sugar price ended yesterday with strong positivity, as it breached 19.23$ level and settled above it, to cancel the negative effect of the double top pattern and head towards achieving expected gains on the intraday basis, targeting testing 19.60$ followed by 20.04$ levels as next positive stations.

Soybean price surpassed the intraday bearish channel’s resistance line to test the key resistance 1028.80$, and by taking a deeper look at the chart, we find that this resistance forms the neckline of the head and shoulders’ pattern that appears on the chart, which means that breaching it will push the price to achieve bullish correction that its targets begin at 1071.20$ and extend to 1105.50$.