Bitcoin price (BTCUSD) shows bearish bias by today’s open, affected by stochastic negativity, to approach testing the key support base 103300.00$, and the price needs to hold above this level to keep the positive scenario active, which its next main target located at 108350.45$.
On the other hand, we should note that breaking 103300.00$ will stop the bullish wave and push the price to achieve negative targets that start at 100000.00$ and might extend to 95195.00$ before any new positive attempt.
The expected trading range for today is between 102000.00$ support and 107000.00$ resistance.
Trend forecast: Bullish
Wheat price faces negative pressure by today’s open to test the key support 568.50$, accompanied by stochastic getting rid of the negative momentum and approaching the oversold areas, which supports the chances of bouncing bullishly to resume the expected bullish trend for the upcoming period, which targets 580.00$ followed by 589.00$ levels mainly.
Holding above 568.50$ is important to the continuation of the bullish trend, as breaking it will push the price to turn to decline and achieve negative targets that start by visiting 558.00$ areas.
The expected trading range for today is between 565.00$ support and 580.00$ resistance.
Trend forecast: Bullish
Corn price opens today’s trading with clear decline to approach testing the intraday bullish channel’s support line that appears on the chart, noticing that stochastic gained clear positive momentum on the intraday time frames, waiting to motivate the price to resume the expected bullish trend for the upcoming period, reminding you that the next target reaches 516.00$.
On the other hand, we should note that breaking 487.30$ will stop the bullish wave and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 485.00$ support and 500.00$ resistance.
Trend forecast: Bullish
The USDCHF price shows additional bullish bias to continue chasing the broken support of the bullish channel, waiting to breach 0.9110 to confirm the continuation of the rise and achieve additional gains that start at 0.9150 followed by 0.9224.
Moving above the EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.9014.
The expected trading range for today is between 0.9050 support and 0.9170 resistance.
Trend forecast: Bullish