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Bitcoin price (BTCUSD) keeps achieving gains – Forecast today - 17-10-2024
Bitcoin price (BTCUSD) provided new positive trades yesterday and approach our new waited target at 68400.00$, waiting for more rise within the bullish channel that appears on the chart, noting that the next targets reach 70000.00$ followed by 70850.00$.
Holding above 65480.00$ is important to the continuation of the expected rise, as breaking it will put the price under intraday negative pressure and might head to test the bullish channel’s support line around 61255.00$ before any new attempt to rise.
The expected trading range for today is between 66000.00$ support and 70000.00$ resistance
Trend forecast: Bullish
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Wheat price tests the resistance – Forecast today - 17-10-2024
Wheat price is testing the key resistance 599.00$ and keeps its stability below it, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly.
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Sugar price showed strong rise yesterday and reached 25.00$ areas, but it bounced downwards sharply to settle below 22.73$ level, which keeps the overall negative scenario valid for the upcoming period, waiting to test 21.55$ initially, noting that breaking it will push the price towards 20.80$ as a next negative target.
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