Spot Gold, WTI Crude Oil Futures
This article summarizes the latest views of analysts from Economies.com today, covering multiple instruments including spot gold and WTI crude oil futures!
Brent crude oil futures prices continue to rise.
According to the latest analysis from Economies.com, Brent crude oil futures prices have pulled back, attempting to find a higher retracement low as a base to help gain the necessary bullish momentum for a rebound and renewed upward movement. In the short term, the dominant uptrend remains intact, with prices continuing to trade above the EMA50 moving average, further enhancing the likelihood of a rebound in the near term. Meanwhile, after digesting the overbought condition, the Relative Strength Index (RSI) has shown positive overlapping signals, providing strong support for Brent crude oil futures to achieve new gains.
WTI crude oil futures prices are experiencing a healthy pullback, paving the way for a new round of bullish trends.
According to the latest analysis from Economies.com, WTI crude oil futures prices have entered a corrective phase, resembling a repositioning stage aimed at accumulating fresh upward momentum to lay the groundwork for subsequent upward movements. This pullback is within the range of a healthy correction and has not altered the overall technical structure, as prices remain above the EMA50 moving average, maintaining dynamic support and further reinforcing the short-term bullish trend.
Spot silver prices are approaching our expected target.
According to the latest analysis from Economies.com, spot silver prices have continued to rise, testing the resistance level target of 86.00 identified in our earlier analysis. This indicates that prices remain in a bullish scenario, with increasing buying interest supported by a solid technical structure, further raising the probability of spot silver extending its upward trend in the short term.
Spot gold prices continue to rise.
According to the latest analysis from Economies.com, spot gold prices surged significantly, successfully breaking through the resistance level of $5,100, which was the target price set in our earlier analysis. This breakout clearly reflects a marked improvement in market risk appetite, especially driven by the dynamic support formed as prices stabilized above the EMA50 moving average, further strengthening bullish momentum.
