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Ethereum price (ETHUSD) forecast update - 15-10-2024

Economies.com
2024-10-15 10:55AM UTC

Ethereum price (ETHUSD) shows sideways trades since morning, moving below 2623.77$, which urges caution from the upcoming trading, as consolidating below this level might put the price under negative pressure to target 2515.00$ before any new positive attempt, while the price needs to trade above 2623.77$ to revive the positive scenario that its next target located at 2720.00$.

 

The expected trading range for today is between 2500.00$ support and 2750.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) forecast update - 15-10-2024

Economies.com
2024-10-15 10:55AM UTC

Bitcoin price (BTCUSD) settles above 65480.00$ level, thus, no change to the expected bullish trend scenario for today, which depends on the price stability above the mentioned level, waiting to get positive motive that assist to push the price to resume the bullish wave that its targets begin at 67000.00$ and extend to 68400.00$.

 

The expected trading range for today is between 64000.00$ support and 68000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 15-10-2024

Economies.com
2024-10-15 10:54AM UTC

Brent oil price succeeded to achieve the first waited target at 73.90$, affected by the double top pattern to head towards achieving more expected decline for the rest of the day, noting that our next negative target extends to 72.06$.

 

Therefore, the bearish trend will remain valid and active in the upcoming sessions unless the price rallied to breach 75.36$ and hold above it.

 

The expected trading range for today is between 73.70$ support and 76.70$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 15-10-2024

Economies.com
2024-10-15 10:54AM UTC

Crude oil price continued to decline to succeed achieving our first negative target at 70.58$, noticing that the price broke this level and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend for the rest of the day, opening the way to head towards 68.65$ as a next main target.

 

The negative effect of the double top pattern supports the expectations of continuing the decline, reminding you that it is important to hold below 72.15$ to achieve the suggested targets.

 

The expected trading range for today is between 69.40$ support and 71.50$ resistance

 

Trend forecast: Bearish