Ethereum price (ETHUSD) returns to fluctuate at 3222.00$ level, waiting to break this level to confirm extend the correctional bearish wave and open the way to visit 3017.30$ as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 3425.50$ will stop the bearish wave and push the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 3120.00$ support and 3380.00$ resistance.
Trend forecast: Bearish
Bitcoin price (BTCUSD) settles below 95195.00$, and the EMA50 meets this level to add more strength to it, to keep the correctional bearish trend scenario active for the upcoming period, waiting to visit 90000.00$ followed by 87055.00$ as next main targets.
Stochastic provides negative signals that support the chances of resuming the negative trades today, while breaching 95195.00$ will stop the bearish wave and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 91500.00$ support and 95500.00$ resistance.
Trend forecast: Bearish
Wheat price shows some bullish bias now, noticing that the price provided mixed trades in the previous sessions, waiting to get negative motive that push the price to resume the expected bearish trend for the upcoming period, which its next main target located at 519.10$.
The negative pressure formed by the EMA50 supports the suggested bearish wave, noting that breaching 548.00$ will stop the bearish trend and lead the price to turn to rise.
The expected trading range for today is between 525.00$ support and 547.00$ resistance.
Trend forecast: Bearish
Sugar price faced negative pressures in the previous sessions, noticing that stochastic provides positive signals that we are waiting to assist to push the price to resume the expected bullish trend on the intraday basis, and the price needs to breach 18.60$ to confirm opening the way to head towards our positive targets that start at 19.40$ and extend to 20.08$.
Holding above 18.25$ is important to the continuation of the expected rise, as breaking it will push the price to suffer new losses that reach 17.70$ before any new attempt to rise.
The expected trading range for today is between 18.15$ support and 18.95$ resistance
Trend forecast: Bullish