Technical analysis: continue to predict the rise of CBOT wheat for some time to come

Economies.com's analyst's latest opinion today: CBOT wheat prices strengthened in the first few trades, close to our first extended target of 635.00, but pulled back to the key support point of 614.10, remaining above it, waiting for the upward wave to resume. The next target is 641.50. Therefore, we will continue to forecast a bullish trend for some time to come, unless the price falls below 597.10 and remains below this level. Today's trading range is expected to be between the 610.00 support level and the 630.00 resistance level. Trend forecast: bullish.

Technical analysis: The stochastic indicator for CBOT corn shows a clear oversold signal

Economies.com's analyst's latest opinion today: The CBOT corn price tested the 449.20 level and remained above, while the stochastic indicator showed clear oversold signals, which helped to motivate the price to resume the expected bullish trend. The next target is 461.90. Therefore, as long as the price stays above 449.20 and 443.10, the bullish market expectations will continue to be valid. Today's trading range is expected to be between the 445.00 support level and the 460.00 resistance level. Trend forecast: bullish.

Technical analysis: the price of oil is currently moving within a slightly bullish channel

Economies.com's analyst's latest opinion today: Brent crude oil showed a bearish correction after testing the $89.50 level, and is currently testing the key support level below $87.67. The price is currently moving within a slightly bullish channel, which supports the possibility that the bullish trend will resume in the next few trades, and clear bullish signals have been observed through stochastic indicators. Therefore, these factors encouraged us to continue to forecast the bullish trend, with the next target at $91.35, followed by $92.35. It should be noted that if the price falls below $87.67, it will end bullish expectations and push the price to achieve further bearish adjustments. Expected trading range: Support: $87.00. Resistance level: $90.00. Trend forecast: bullish.

Technical analysis: WTI crude oil may continue its bearish correction

Economies.com's analyst's latest opinion today: WTI crude oil prices fell markedly at the beginning of today, falling below the $83.90 level and stabilizing below it. It is expected that new bearish adjustments will continue in the next few trades, with the goal of reaching the $81.50 area as the next major point. Therefore, unless it breaks above $83.90 and stabilizes above this level, we would recommend maintaining a bearish trend today. This break will stop the current negative pressure and guide the price to try to return to the main bullish trend again. Expected trading range: Support: $81.70. Resistance level: $84.60. Trend forecast: Bearish.

Technical analysis: Gold may show a downward trend

Today's latest opinion from economies.com analysts: Gold prices experienced a bearish rebound after testing support from a broken bullish channel. The price began putting pressure on the key support level of $2325.90 and showed intention to resume a bearish correction. The price needs to break below the stated support level to confirm opening the path towards the next correction target of $2260.60. Therefore, we expect a downward trend in the upcoming trade, which will be supported by negative pressure formed by the 50-day exponential moving average. It is important to note that if the price breaks above $2360.50, it will stop the expected decline and guide the price back to the main bullish trend again. Expected trading range: Support: $2305.00. Resistance level: $2340.00. Trend forecast: Bearish.

Technical analysis: silver maintains a neutral attitude

Today's latest opinion from economies.com analysts: the price of silver is still stuck between the $26.90 support level and the $28.00 resistance level. The negative impact of the 50-day exponential moving average contradicts the positive signals of the stochastic indicator, so we will remain neutral and wait to break through any of these levels to determine our next target. If it falls below the stated support level, the price will resume a bearish correction with the next target of $26.00, while breaking through the resistance level is the key to returning to the main bullish trajectory and will point to the next positive targets of $28.80 and $29.80. Expected trading range: Support: $26.70. Resistance level: $27.60. Trend forecast: neutral.