Ethereum price (ETHUSD) trades with clear negativity to break 3222.00$ and attempt to hold below it, which pushes the price to achieve new bearish correction in the upcoming sessions, on its way to visit 3017.30$ as a next main target.
Therefore, we expect to witness more decline on the intraday basis, taking into consideration that trading above 3222.00$ again will revive the chances to recover and head to achieve gains that start by targeting 3425.50$ areas.
The expected trading range for today is between 3050.00$ support and 3300.00$ resistance.
Trend forecast: Bearish
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