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Ethereum price (ETHUSD) surpasses the resistance – Forecast today - 06-01-2025

Economies.com
2025-01-06 04:23AM UTC

Ethereum price (ETHUSD) rallied upwards strongly in the previous sessions to breach 3510.00$ and stop the negative effect of the double top pattern that appears on the chart, to turn to rise and head towards resuming the main bullish trend again, waiting to breach 3680.00$ to confirm opening the way to achieve additional gains that start at 3760.00$ and extend to 3900.00$ as next main stations.

 

Therefore, the bullish trend will be suggested for the upcoming sessions, taking into consideration that failing to breach 3680.00$ will push the price to rebound bearishly and head to test 3510.00$ followed by 3425.50$ levels mainly.

 

The expected trading range for today is between 3550.00$ support and 3790.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) hits the first target – Forecast today - 06-01-2025

Economies.com
2025-01-06 04:23AM UTC

Bitcoin price (BTCUSD) managed to touch our first waited target at 99000.00$, showing additional positive trades by today’s open to confirm the continuation of the bullish trend domination in the upcoming period, noting that our next targets are located at 102000.00$ and extend to 105100.00$.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 95195.00$ and holding below it, as breaking it will push the price to achieve additional bearish correction on the intraday and short-term basis.

 

The expected trading range for today is between 97000.00$ support and 103500.00$ resistance.

 

Trend forecast: Bullish

Wheat price under the negative pressure – Forecast today - 06-01-2025

Economies.com
2025-01-06 04:22AM UTC

Wheat price broke 545.70$ level strongly to decline clearly and stop the recently suggested bullish wave, to head towards achieving negative targets that start by visiting the recently recorded low at 519.10$.

 

Moving below the EMA50 supports the expected bearish trend, noting that breaching 547.70$ will stop the expected decline and lead the price to recover again.

 

The expected trading range for today is between 525.00$ support and 542.00$ resistance.

 

Trend forecast: Bearish

Sugar price needs the positive momentum – Forecast today - 06-01-2025

Economies.com
2025-01-06 04:22AM UTC

Sugar price settles around 18.70$ level, waiting to gather positive momentum that push the price to resume the expected bullish trend for the upcoming period, which targets 19.40$ followed by 20.08$ levels as next main stations.

 

Breaching 18.90$ will ease the mission to rally towards the suggested targets, while breaking 18.40$ will stop the bullish trend and push the price to decline again.

 

The expected trading range for today is between 18.40$ support and 19.20$ resistance

 

Trend forecast: Bullish