Ethereum price (ETHUSD) continued to decline to surpass the second target at 2496.22$ and reach 2446.00$ areas, noticing that the price bounced upwards clearly to head towards resuming the bullish trend again, and attempts to confirm breaching 2548.15$ now, waiting for more that targets 2600.00$ followed by 2664.30$ levels as next positive stations.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that breaking 2496.22$ will push the price to suffer new losses that extend to reach 2330.00$ areas on the near-term basis.
The expected trading range for today is between 2450.00$ support and 2670.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) succeeded to achieve our waited target at 65485.00$ and found solid support there, to rebound upwards strongly and surpass the EMA50, confirming resuming the bullish trend within the bullish channel that appears on the chart, to head towards achieving gains that start at 68050.00$ and extend to 70000.00$.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 66920.00$ will push the price to decline and test 65480.00$ areas again before any new attempt to rise.
The expected trading range for today is between 66000.00$ support and 69000.00$ resistance.
Trend forecast: Bullish
Wheat price continues to fluctuate around the EMA50, while stochastic loses its positive momentum again, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 568.50$.
Holding below 599.00$ is important to the continuation of the expected decline, as breaching it will lead the price to build bullish wave that its targets begin by visiting 623.70$ areas.
The expected trading range for today is between 575.00$ support and 599.00$ resistance.
Trend forecast: Bearish
Sugar price traded with clear positivity yesterday to retest the broken neckline of the double top patter around 22.15$, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, which its targets begin at 21.55$ and extend to 20.80$.
On the other hand, we should note that breaching 22.15$ will push the price to achieve additional gains that reach 22.73$.
The expected trading range for today is between 21.55$ support and 22.30$ resistance
Trend forecast: Bearish