Bitcoin price (BTCUSD) keeps declining to achieve the negative target suggested in our last technical update at 69605.00$, falling under more negative pressure to surpass this level and head towards achieving more expected decline in the upcoming sessions, noting that our next station reaches 67480.00$.
Therefore, we expect to witness additional negative trades on the intraday basis, taking into consideration that breaching 70555.00$ will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 67300.00$ support and 70800.00$ resistance.
Trend forecast: Bearish
Sugar price rallied upwards strongly after consolidating above 21.55$ level, to breach 22.15$ and head towards achieving expected gains in the upcoming period, targeting 22.73$ initially, noting that breaching this level will extend the bullish wave to reach 23.35$ as a next positive station.
Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 22.15$ and holding below it again.
The expected trading range for today is between 22.10$ support and 22.90$ resistance
Trend forecast: Bullish
Soybean price opens today’s trading with clear positivity to breach the intraday bearish trend line that appears on the chart and heads towards building expected bullish wave in the upcoming sessions, on its way to visit 1028.80$ areas as a next main station.
Therefore, the bullish bias will be expected for today, noting that breaking 993.50$ will stop the expected rise and push the price to decline again.
The expected trading range for today is between 990.00$ support and 1020.00$ resistance.
Trend forecast: Bullish
The USDCHF price traded negatively yesterday to break 0.8645 and settle below it, to fall under expected negative pressure in the upcoming sessions and head towards targeting 0.8543 areas on the near-term basis.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.8673 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 0.8560 support and 0.8690 resistance.
Trend forecast: Bearish