Ethereum Price (ETHUSD) Analysis

Expected Scenario

• The Ethereum price trades positively to test the key resistance at 3132.80$.
• The EMA50 meets this level to add more strength to it, waiting to resume the bearish wave.
• Targets begin by breaking 2905.30$ to confirm heading towards 2710.00$ as the next negative station.
• On the other hand, breaching 3132.80$ will push the price to start recovery attempts and build a bullish wave targeting testing 3360.31$ areas initially.

Expected Trading Range

Between 2970.00$ support and 3180.00$ resistance.

Bitcoin Price (BTCUSD) Analysis

Expected Scenario

• The Bitcoin price rallied upwards clearly to test the key resistance at 65391.75$ and hinted at the attempt to return to the main bullish track.
• Technical indicators provide negative signals that might push the price to decline again, making us stay aside until we get a clearer signal for the next trend.
• We will monitor the price according to the mentioned resistance.

Expected Trading Range

Between 62000.00$ support and 66200.00$ resistance.

Brent Oil Price Analysis

Expected Scenario

• The Brent oil price bounced downwards strongly and couldn’t manage to confirm the return to the bullish channel.
• It attacked the 87.67$ level and headed towards a potential return to the correctional bearish trend.
• We expect domination of the bearish trend in the upcoming sessions, targeting 84.77$ areas as the next negative station.
• Therefore, we expect to witness more decline for the rest of the day.
• Noting that trading above 87.67$ again will lead the price to recover and achieve gains that start at 90.10$ followed by 92.35$.

Expected Trading Range

Between 85.50$ support and 88.00$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price couldn’t manage to hold for a long time above the 83.90$ level.
• It trades with strong negativity and loses the morning gains as it breaks the mentioned level.
• This leads to falling under expected negative pressure for the rest of the day, targeting testing 81.50$ initially.
• Noting that breaking this level will extend the bearish wave to reach 79.60$ as the next negative station.
• Therefore, the bearish bias will be suggested for the upcoming sessions unless the price rallies to breach 83.90$ and holds with a daily close above it.

Expected Trading Range

Between 81.50$ support and 84.00$ resistance.