Bitcoin price (BTCUSD) opened today with strong negativity to break the intraday bullish trend line that appears on the chart and head towards achieving expected decline on the intraday basis, on its way to visit 99500.00$ followed by 95195.00$ levels as main negative stations.
Therefore, the bearish bias will be suggested for today, noting that breaching 103690.00$ will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 99000.00$ support and 103000.00$ resistance.
Trend forecast: Bearish
Wheat price provided additional negative trades to break 557.00$ and settle below it, to activate the negative scenario on the intraday basis and head towards achieving negative targets that start by testing 533.00$ areas.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 557.00$ will push the price to recover and visit 568.50$ level initially.
The expected trading range for today is between 540.00$ support and 555.00$ resistance.
Trend forecast: Bearish
Sugar price continued to rise to breach the bearish channel’s resistance and head towards starting bullish correction for the decline that started from 23.61$ areas, targeting testing 18.42$ initially, noting that breaching this level will push the price towards 19.41$ areas on the near-term basis.
Therefore, the bullish bias will be suggested for today, noting that breaking 17.25$ will stop the bullish correction and push the price back to the bearish track again.
The expected trading range for today is between 17.60$ support and 18.40$ resistance
Trend forecast: Bullish
Soybean price opened today with clear decline to test the EMA50 that forms good support against the price, waiting to resume the expected bullish wave on the intraday and short-term basis, which targets 1080.00$ as a next station.
Stochastic shows positive signals that support the expected rise, which will remain valid unless breaking 1050.00$ and holding below it.
The expected trading range for today is between 1040.00$ support and 1075.00$ resistance.
Trend forecast: Bullish