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Ethereum price (ETHUSD) forecast update - 23-10-2024

Economies.com
2024-10-23 09:06AM UTC

Ethereum price (ETHUSD) achieved initial break to 23.6% Fibonacci correction level to reinforce the expectations of continuing the correctional bearish trend in the upcoming sessions, paving the way to target 2548.15$ followed by 2496.22$ that represent our next negative stations.

 

The expected trading range for today is between 2500.00$ support and 2700.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 23-10-2024

Economies.com
2024-10-23 09:06AM UTC

Bitcoin price (BTCUSD) faces negative pressure to break 66980.00$ level and attempts to hold below it, to head towards turning to decline for the rest of the day and target 65485.00$ areas mainly.

 

Therefore, the bearish bias will be suggested for the rest of the day, supported by stochastic current negativity, noting that breaching 66980.00$ and holding above it again will reactivate the bullish wave that its next target located at 68050.00$.

 

The expected trading range for today is between 65500.00$ support and 68000.00$ resistance.

 

Trend forecast: Bearish

Brent oil price forecast update 23-10-2024

Economies.com
2024-10-23 09:06AM UTC

Brent oil price is testing the key support 75.36$, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend valid and active for the upcoming period, supported by the EMA50, reminding you that our next target is located at 76.84$, while breaking 75.36$ represents the key to suffer additional losses and head to visit 73.90$ areas.

 

The expected trading range for today is between 74.70$ support and 77.70$ resistance.

 

Trend forecast: Bullish

Crude oil price forecast update 23-10-2024

Economies.com
2024-10-23 09:06AM UTC

Crude oil price faces solid resistance at 72.15$, to show some bearish bias, which urges caution from the upcoming trading, as breaking 71.45$ will push the price to achieve more decline and test 70.58$ before any new attempt to rise.

 

Breaching 72.15$ will push the price towards 73.70$ as a next positive target, while breaking 70.58$ represents the key to return to the bearish track and achieve negative targets that start at 68.65$.

 

The expected trading range for today is between 70.80$ support and 73.80$ resistance

 

Trend forecast: Bullish