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Bitcoin price (BTCUSD) resumes the rise – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:21AM UTC

Bitcoin price (BTCUSD) resumed its positive trading to approach 77000.00$ barrier, reinforcing the expectations of continuing the bullish trend on the short-term and medium-term basis, reminding you that our next target is located at 78000.00$, and breaching this level will open the way to achieve more historical levels that extend to reach 80000.00$ areas.

 

The EMA50 keeps supporting the expected bullish wave, which will remain valid unless breaking 75110.00$ followed by 73820.00$ levels and holding below them.

 

The expected trading range for today is between 74200.00$ support and 78000.00$ resistance.

 

Trend forecast: Bullish

Sugar price rises again – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:20AM UTC

Sugar price returned to trade above 21.55$, to head towards building bullish wave on the intraday basis, targeting 22.10$ followed by 22.73$ levels as next positive stations.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 21.55$ and holding below it again will stop the positive scenario and put the price under negative pressure that its targets begin by visiting 21.00$ areas.

 

The expected trading range for today is between 21.50$ support and 22.30$ resistance

 

Trend forecast: Bullish

Soybean price achieves the positive target – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:20AM UTC

Soybean price continued to rise to reach the waited positive target at 1028.80$, noticing that the price completed forming positive formation that supports the chances of surpassing this level to achieve additional gains that reach 1050.00$.

 

Therefore, the bullish trend will remain suggested in the upcoming sessions, noting that breaking 1014.00$ will stop the expected rise and push the price to turn to decline.

 

The expected trading range for today is between 1015.00$ support and 1040.00$ resistance.

 

Trend forecast: Bullish

Corn price builds support base – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:19AM UTC

Corn price leaned on the support base formed above 434.30$ and bounced upwards in attempt to resume the expected bullish trend for the upcoming period, which targets 445.40$ as a next station.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, supported by the EMA50, noting that it is important to hold above 434.30$ to achieve the waited targets.

 

The expected trading range for today is between 433.00$ support and 445.00$ resistance.

 

Trend forecast: Bullish