Spot gold prices are expected to continue to fall

Economies.com's analyst's latest opinion today: The spot gold price closed down yesterday because it fell below 2340.10 and closed below the daily K-line chart, once again being pressured by a corrective bear market, and looking closely at the chart, we found that the price was close to forming a head and shoulders pattern. This model had a negative target, exceeding the 38.2% Fibonacci correction level of 2272.06 to 2217.10. Therefore, we expect to see more decline in the next trading session. A fall below 2319.80 will activate the negative effects of the above pattern and motivate the price to rebound against the above target, while breaking through the 2340.10 level followed by 2360.00 will stop the expected decline and cause the price to rise again. The expected trading range is between 2300.00 support and 2345.00 resistance.

Spot silver prices may turn downward

Economies.com's analyst's latest opinion today: It is difficult for the spot silver price to continue to rise, forming a lower high. This suggests that it may turn downward during the upcoming trading session. On the way to achieving a new bearish correction on the basis of the day, a fall below 31.00 will confirm this trend, which will pave the way for the price to rebound to the next negative target of 30.06. Therefore, we expect to see more decline on an intraday basis. Note that breaking through 31.85 will stop the current negative pressure and cause the price to try to resume the main bullish trend once again. The expected trading range is between 30.80 support and 31.70 resistance.

WTI crude oil prices will face downward pressure

Today's latest opinion from economies.com analysts: WTI crude oil prices fell sharply yesterday, fell below 79.60 and closed below the daily K-line chart. It is expected that the next trading session will face downward pressure. We initially suggest focusing on the 77.64 area. Therefore, it is expected that today will show a bearish trend, and falling below 79.00 will help achieve the recommended target. Note that if it breaks through 79.60 and stands above it again, it will reactivate the daily bull market fluctuations. The main target area is 81.50. The expected trading range is between 77.70 support and 80.60 resistance.

Brent crude oil prices face solid resistance

Economies.com's latest opinion today: The price of Brent crude oil failed to confirm breaking through the 84.77 level, clearly rebounding downward and approaching EMA 50. It is expected to face downward pressure in the next trading session. The initial target is 82.45. Note that if it falls below this level, the price will suffer further losses, reaching 80.08. As a result, we expect to see more declines in the next trading session, unless the price rebounds above 84.77 and stays above it. The expected trading range is between the 82.00 support level and the 84.90 resistance level.

CBOT corn prices will decline further

Economies.com's analyst's latest opinion today: The CBOT corn price managed to break through the 461.90 level and fell below that level at the close yesterday, close to forming a double top pattern. The signs are already showing on the chart. This will push the price to exceed our next expected target of 449.20 and reach the 433.50 area as the next site to fall. Therefore, we will continue to recommend maintaining the bearish trend over the next period, and indicate that breaking through 461.90 will stop the current downward pressure and cause the price to attempt to recover on an intraday basis. The expected trading range is between 450.00 support and 465.00 resistance.

CBOT soybean prices maintain a bear trend

Economies.com's analyst's latest opinion today: CBOT soybean prices continue to fall, close to our expected target of 1193.10, and note that the price has completed the double peak pattern shown on the chart. It is expected that this will motivate the price to exceed the above target and rebound towards the 1150.00 region as the next major site. Therefore, it is expected that the bearish trend will continue on an intraday basis. At the same time, it is indicated that failure to break through 1193.10 will cause prices to begin to try to recover. The main goal is to test the 1231.20 area. The expected trading range is between 1180.00 support and 1215.00 resistance.