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5月20日技术分析报告:现货黄金、WTI原油

May 20 Technical Analysis Report: Spot Gold, WTI Crude Oil

Golden10 Data ·  May 20 12:45

This article summarizes the latest opinions of economies.com analysts today, including spot gold, WTI crude oil, and many other varieties!

Spot gold prices hit a record high and remained bullish during the day

Today's latest opinion from economies.com analysts: Spot gold prices have resumed their bullish trend, successfully reached our second expected target of $2431.44, and set a new historical level. An attempt to confirm a break above this level will pave the way for further gains and new positive targets, which are expected to reach $2500.00 as the next major target. We continue to recommend maintaining the bullish trend over the next period, and note that failure to consolidate above $2431.44 could lead to a new bearish correction on an intraday basis. The expected trading range is between the $2420.00 support level and the $2460.00 resistance level. Trend forecast: bullish.

Spot silver reached the expected target of $32.50, and the next major target is the $33.70 area

Today's latest opinion from economies.com analysts: The spot silver price showed new strong positive trading and successfully reached our previously recommended target of $32.50. We expect this upward trend to continue, with the goal of further rising to the $33.70 area as the next major target. Although there may be potential sideways fluctuations due to negative fluctuations in stochastic indicators, the EMA50 indicator continues to support the expected bullish trend. However, a break below $31.00 would halt the rise and trigger some bearish correction before resuming the bullish trend. The expected trading range is between the $31.90 support level and the $32.80 resistance level. Trend forecast: bullish.

WTI crude oil prices broke through the horizontal range, and there is potential for further increase in future trading sessions

Economies.com's analyst's latest opinion today: WTI crude oil continued its upward trend, broke through the $79.60 level, and closed at the daily K line above that level. This break indicates a break from the previous horizontal range, and there is potential for further growth in future trading sessions, targeting the $81.50 area as the next positive stop. Additional positive trades are expected on an intraday basis, supported by the EMA50 indicator. However, a break below $79.60 would mark the end of the bullish trend and a possible return to a corrective bearish trend. The expected trading range is between the $78.90 support level and the $81.50 resistance level. Trend forecast: bullish.

The bullish trend of Brent crude oil is expected to continue

Today's latest opinion from economies.com analysts: Brent crude oil prices continue to maintain a bullish trend and are close to the expected positive target of $84.77. It faced resistance from the upper boundary of the corrective bearish channel, but was actively supported by the EMA50. We expect the bullish trend to continue, and breaking through the target level will propel the upward trend to the $85.80 and $86.90 levels as a follow-up positive site. However, consolidation around $84.77 could trigger a bearish rebound, causing the price to test the $82.40 level. The expected trading range is between the $83.00 support level and the $86.00 resistance level. Trend forecast: bullish.

CBOT corn maintains bearish expectations

Economies.com's analyst's latest opinion today: In previous trading, the CBOT corn price provided a clear bearish trade, moving away from the 461.90 level, strengthening expectations of continuing the bearish trend. This trend is 449.20 as the next major target. A break below EMA50 supports the expected bearish wave, and the trend will remain valid until it breaks through and stays above 461.90. The expected trading range is between 449.00 support and 461.00 resistance. Trend forecast: Bearish.

ICE raw sugar remains bearish as long as it remains below 18.90

Today's latest opinion from economies.com analysts: ICE raw sugar prices have resumed falling after temporary increases in previous trading days. It is waiting to break through the 18.00 mark to confirm that it will pave the way towards the next target of 17.35. Therefore, we will continue to recommend maintaining a bearish trend over the next period, which is supported by the EMA50 indicator. It is important to stay below 18.90 as the first condition for the expected continuation of the decline. The expected trading range is between 17.70 support and 18.40 resistance. Trend forecast: Bearish.

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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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