Ethereum price (ETHUSD) opened today’s trading with sharp decline, to break 2764.75$ level and reach 2108.90$, noting that exiting the bearish channel hints heading to suffer more losses on the intraday and short-term basis, noticing that the price is trying to cover some losses and provide positive trades now, as it moves around 2500.00$.

The mixed trades make us prefer to stay aside until the price settles and get clearer signal for the next trend, noting that breaking 2356.50$ will push the price to continue the decline and achieve additional negative targets that reach 2000.00$ barrier, while breaching 2764.75$ will lead the price to regain the bullish track and achieve gains that start by visiting 3017.30$.

The expected trading range for today is between 2300.00$ support and 2730.00$ resistance.

Trend forecast: Neutral

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