Spot Gold, WTI Crude Oil Futures

Brent crude oil futures are preparing to test the upper resistance level.

According to the latest analysis from Economies.com, Brent crude oil futures rose in the previous trading session and are preparing to test the resistance level at USD 72.00. The continuous trading of Brent crude oil futures above the 50-day Exponential Moving Average (EMA50) provides support for prices. Meanwhile, the primary bullish trend dominates in the short term, with prices moving along a trendline that supports this bullish trajectory. However, the Relative Strength Index (RSI), after exiting the oversold zone, has shown negative overlapping signals, which may weaken its upward momentum in the short term.

WTI crude oil futures are regrouping for renewed upward momentum.

According to the latest analysis from Economies.com, WTI crude oil futures fell within a limited corrective movement while the Relative Strength Index showed negative signals, aiming to moderate prior momentum and re-establish an equilibrium base. This decline paves the way for renewed buying power and a return to the bullish trajectory without altering the primary trend. Prices have gained robust dynamic support by consistently trading above the 50-day Exponential Moving Average (EMA50), reinforcing the stability and dominance of the primary bullish trend in the short term, especially as prices move orderly along a trendline supporting this path. As long as these technical support levels hold, the bullish outlook remains intact; breaking below these levels could signal a deeper structural shift in market dynamics.

International spot silver is accumulating momentum in preparation for a new round of price increases.

According to the latest analysis from Economies.com, international spot silver experienced a limited pullback in the last trading session, which represents a natural profit-taking phase following the previous bullish surge and does not alter the overall technical outlook. Stable trading above the 50-day Exponential Moving Average (EMA50) provides bullish support, while the short-term minor bullish wave continues, indicating that the bullish scenario remains valid thus far. This pullback aims to alleviate overbought conditions on the Relative Strength Index (RSI), rebalancing momentum before resuming the uptrend amid negative signals. Therefore, maintaining stability above dynamic support levels enhances the likelihood of a rebound and continued upward movement in the coming period.

International spot gold is attempting to consolidate recent gains.

According to the latest analysis from Economies.com, international spot gold declined during recent intraday trading as it sought to consolidate prior gains, aiming to rebuild bullish momentum, which may pave the way for a renewed uptrend. This decline follows an organized technical path, representing a natural cooling of momentum after successive rallies. At the same time, gold prices are attempting to release evident overbought conditions on the Relative Strength Index (RSI), particularly as negative signals emerge. However, sustained trading above the 50-day Exponential Moving Average (EMA50) provides critical dynamic support, reinforcing the stability and dominance of the minor bullish wave in the short term. As long as this key support is not lost and no confirmed technical breakdown triggers strong selling pressure, the bullish scenario will remain unchanged.