Bitcoin price (BTCUSD) opened today with strong decline to break 95195.00$ and reach 91230.00$ areas, to hint the return to the correctional bearish track, noticing that the price begins to recover now to test 95195.00$ that turns into key resistance line now.

We prefer to stay aside until the price confirms its situation according to 95195.00$ level, noting that holding below it will push the price to achieve more bearish correction that its next target reaches 87055.00$, while breaching it will lead the price to recover and achieve gains that start by testing 100000.00$ areas.

The expected trading range for today is between 90000.00$ support and 98500.00$ resistance.

Trend forecast: Neutral

Wheat price traded with clear negativity in the previous sessions to break 568.50$ level and settle below it, which puts the price under expected negative pressure in the upcoming period, to head towards visiting 546.00$ initially.

Therefore, we expect to witness more bearish bias on the intraday basis, noting that breaching 568.50$ and holding above it will stop the current negative pressure and lead the price to recover again.

The expected trading range for today is between 550.00$ support and 566.00$ resistance.

Trend forecast: Bearish

Sugar price didn’t show any strong move in the previous sessions, to continue fluctuating around the EMA50, thus, no change to the expected bullish trend scenario on the intraday basis, which its targets begin at 18.42 and extend to 19.41$ after breaching the previous level, reminding you that breaking 17.85$ will stop the bullish trend and push the price to decline again.

The expected trading range for today is between 17.80$ support and 18.65$ resistance

Trend forecast: Bullish

Soybean price trades with clear negativity to complete forming double top pattern that its signs appear on the chart, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 1015.00$ areas mainly.

Therefore, we expect to witness more decline on the intraday basis, noting that breaching 1044.00$ followed by 1050.00$ levels will stop the negative scenario and push the price back to the bullish track again.

The expected trading range for today is between 1015.00$ support and 1050.00$ resistance.

Trend forecast: Bearish