Bitcoin price (BTCUSD) bounced upwards strongly after approaching 89000.00$ barrier, to test the key resistance line 95195.00$ again, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses the positive momentum clearly.

Therefore, these factors encourage us to suggest the decline in the upcoming sessions, reminding you that the next main target extends to 87055.00$, while breaching 95195.00$ and holding above it will stop the current bearish correction to attempt to regain the main bullish trend again.

The expected trading range for today is between 91500.00$ support and 96000.00$ resistance.

Trend forecast: Bearish

Wheat price traded with clear positivity yesterday to breach 548.00$ and settle above it, to head towards achieving expected gains in the upcoming session and head towards testing 568.50$ areas mainly.

Therefore, the bullish bias will be suggested for today, noting that breaking 546.80$ will stop the bullish rally to push the price to resume the main bearish track again.

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

Trend forecast: Bullish

Sugar price continued to decline to break 18.25$ and closed the daily candlestick below it, to fall under more expected negative pressure in the upcoming sessions, targeting testing 17.70$ mainly.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 18.45$ will stop the expected negative pressure and lead the price to recover again.

The expected trading range for today is between 17.70$ support and 18.40$ resistance

Trend forecast: Bearish

Soybean price rallied upwards again yesterday to reach the thresholds of the new waited target at 1060.00$, and we suggest the continuation of the rise to achieve additional gains that reach 1080.00$, affected by the previously completed inverted head and shoulders’ pattern.

Therefore, the bullish trend will remain valid and active on the intraday and short-term basis, noting that breaking 1040.00$ might push the price to decline and test the key support 1015.00$ before turning back to rise again.

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

Trend forecast: Bullish