Bitcoin price (BTCUSD) resumed its positive trading after the negative pressure that it witnessed in the previous sessions, noticing that the recent trades are confined within bullish pennant pattern that appears on the chart, thus, breaching 106000.00$ will provide positive motive that push the price to achieve new gains that start at 108350.45$ and extend to 112000.00$ as next main stations.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 101680.00$.

The expected trading range for today is between 102000.00$ support and 108000.00$ resistance.

Trend forecast: Bullish

Wheat price shows negative trades now to press on the key support 557.00$, and as we mentioned yesterday, this level represents one of the next trend keys besides 568.50$ resistance, as the price needs to breach one of these levels to detect its next destination clearly, to continue with our neutrality until now.

We remind you that breaching the mentioned support will put the price under negative pressure that targets 533.00$ areas mainly, while breaching the resistance represents positive factor that will lead the price to continue the rise and visit 580.00$ levels on the near term basis.

The expected trading range for today is between 553.00$ support and 565.00$ resistance.

Trend forecast: Neutral

Sugar price provided clear positivity yesterday to test the key resistance 17.70$, noticing that the price consolidates below this level until now, to keep the bearish trend scenario valid and active, reminding you that our next main target is located at 16.65$.

On the other hand, we should note that breaching 17.70$ will stop the bearish wave and lead the price to start bullish correction on the intraday basis.

The expected trading range for today is between 17.10$ support and 17.90$ resistance

Trend forecast: Bearish

Soybean price shows bearish gap by today’s open to test 1050.00$ level and attempts to recover again, to keep the positive scenario valid for the upcoming period, which its next main target located at 1080.00$.

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 1050.00$.

The expected trading range for today is between 1045.00$ support and 1080.00$ resistance.

Trend forecast: Bullish