Spot gold prices continue to rise during the day

Economies.com's analysts' latest view today: Spot gold prices provided additional positive trading yesterday, reaching the $2685.50 area and trying to accumulate positive momentum to inspire prices to continue to rise on an intraday and short-term basis, awaiting a test of $2700.00 as the next major target. The 50-day exponential moving average (EMA50) continues to support prices from below to enhance the chances of continuing the expected bullish trend, while a break below $2652.00 will stop the bullish volatility and force prices to achieve some bearish corrections before rising again. Today's trading range is expected to be between the $2655.00 support and $2695.00 resistance. Trend prediction: Bullish.

Spot silver prices have clear resistance at $32.50 and remain bullish for the day

Economies.com's analysts' latest view today: Spot silver prices successfully reached our awaited target of $32.50 and found solid resistance there, forcing the price to rebound and fall below $32.00. Note that the stochastic indicator has accumulated positive momentum again, waiting to motivate the price to resume positive trading and break through the above level to open the way to $33.00. Therefore, we will continue to recommend a bullish trend in the upcoming period, while noting that a break below $31.70 will push the price down and test the $31.00 area before attempting to rise. Today's trading range is expected to be between the $31.60 support and $32.40 resistance. Trend prediction: Bullish.

The bearish trend of WTI crude oil futures is expected to continue

Economies.com's analysts' latest view today: WTI crude oil futures prices closed below the $68.55 level yesterday, confirming the dominance of the bearish trend on an intraday basis and paving the way for more expected declines in the upcoming trading sessions, with the target at $67.20, followed by $65.50 as the next major target. Therefore, the bearish trend is expected to continue, considering that a breakout of $68.55 will lead to the price starting to try to rise and initially test the $70.44 area. Today's trading range is expected to be between the $66.50 support level and the $69.50 resistance level. Trend prediction: bearish.

The 50-day exponential moving average (EMA50) exerts negative pressure, and Brent crude oil futures are bearish during the day.

Economies.com's analysts' latest view today: Brent crude oil futures prices confirmed a break below the $72.00 level, which supports the expectation of a continuation of the bearish trend in the upcoming trading sessions, with our next main target at $70.00. The 50-day exponential moving average (EMA50) exerts negative pressure, supporting the suggested bearish volatility, considering that a break above $72.00 will lead the price to construct an intraday bullish volatility, with the main target being the $73.80 area. Today's trading range is expected to be between the $69.80 support and $72.80 resistance levels. Trend prediction: Bearish.

EMA50 provides obvious support, CBOT corn prices are expected to resume the upward trend

Economies.com's analysts' latest view today: CBOT corn prices are close to our awaited target of 425.30, and have clearly rebounded down to test the key support of 416.30, while EMA50 encounters this support, adding more strength to it, while the stochastic indicator now shows a clear oversold signal. Therefore, we believe that the chance of resuming the corrective bullish wave is valid, with a target starting from 425.30 and extending to 434.30 after exceeding the previous level, please note that a break below 416.30 will stop the bullish trend and push the price to turn down. Today's expected trading range is between the 410.00 support and 425.00 resistance. Trend forecast: bullish.

Waiting for CBOT soybean prices to resume their upward trend

Economies.com's analysts' latest view today: CBOT soybean prices tried to break through the 1071.20 level, but fell back strongly at this position, reaching EMA50, which provided good support for the price, waiting to resume the bullish wave, influenced by the previously completed head and shoulders bottom pattern, and the next target extends to 1105.50. The stochastic indicator now provides a clear positive signal, supporting the upward expectation, unless it falls below 1028.80 and closes below it, the expectation will remain valid. Today's expected trading range is between the 1040.00 support level and the 1080.00 resistance level. Trend forecast: bullish.

ICE Raw Sugar Futures Remain Bullish Unless It Breaks and Closes Below 22.73

Economies.com's analysts' latest view today: ICE Raw Sugar futures prices provided additional positive trading opportunities yesterday, but faced downward pressure due to negative momentum emerging in the stochastics, awaiting positive impetus to help prices resume the bullish wave with a target of 23.90. So far, the bullish trend scenario remains valid and active unless it breaks 22.73 and closes below it. Today's expected trading range is between 22.90 support and 23.80 resistance. Trend prediction: Bullish.

Article forwarded from: Jinshi Data