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6月21日技术分析报告:现货黄金、WTI原油

Technical analysis report on June 21: gold and crude oil.

Golden10 Data ·  Jun 21 13:04

This article summarizes the latest views of economists at Economies.com today, including spot gold, crude oil, and other varieties!

The recovery of the spot gold price depends mainly on the bullish trend.

Economies.com analyst's latest view: Spot gold prices rose significantly yesterday, breaking through $2340.10 and closing above it, ending the corrective bearish scenario and aiming to recover the main bullish trend. The target is to make profits from testing $2385.00 and extending to historical highs of $2450.00. We expect to see more gains on an intraday and short-term basis, noting that breaking through $2340.10 will push the price down and target the next correction level of $2272.06. The expected trading range is between $2345.00 support level and $2385.00 resistance level. Trend forecast: bullish.

EMA50 supports the upward trend of spot silver prices.

Economies.com analyst's latest view: Spot silver prices provided additional positive trading yesterday, away from the level of $30.06 and confirming the continuation of the intraday bullish wave. The target is to achieve positive goals starting from $31.00 and extending to $31.55, which may be temporarily affected by bearish stochastic indicators and lateral and negative fluctuations. The upward trend is supported by the EMA50 above the 50-day index moving average line, which will remain effective unless it breaks below $30.06 again. The expected trading range is between the $30.20 support level and the $31.10 resistance level. Trend forecast: bullish.

WTI crude oil prices are running within the bullish channel.

Economies.com analyst's latest view: WTI crude oil prices continue to rise, successfully breaking $81.50 and closing above it, strengthening the expected bullish trend on an intraday and short-term basis. The price is orderly within the bullish channel on the chart, supporting the opportunity to achieve new positive goals, starting from $82.25 and extending to $83.90. The EMA50 above the 50-day index moving average line continues to support the recommended bullish wave. Failure to consolidate above $81.50 will push the price down, testing the support line of the bullish channel at $80.25, possibly extending to $79.60, and then attempting to rise again. The expected trading range is between the $81.20 support level and the $83.30 resistance level. Trend forecast: bullish.

Brent oil prices maintain a bullish trend.

Economies.com analyst's latest view: Brent oil prices recovered after sideways fluctuations in the previous trading days and successfully achieved the first target we were waiting for, $85.80. The price is waiting to recover positive trading within the bullish channel on the chart, to achieve our next target of $87.67. Therefore, the bullish trend scenario will remain active in the near future. Breaking $84.77 will stop the expected rise and push the price down. The expected trading range is between the $84.40 support level and the $87.40 resistance level. Trend forecast: bullish.

CBOT soybean prices have resumed their strong downtrend.

Economies.com analyst's latest view: CBOT soybean prices have resumed their strong downtrend, exceeding our expected target of $1131.40 and confirming the continuation of the bearish trend. It is orderly developed within the bearish channel visible on the chart, supporting the possibility of progressing towards our next target of $1100.00 of downward movement. Therefore, we will continue to recommend maintaining the bearish trend in the following time. Note that breaking $1131.40 and then the $1142.50 level will stop the bearish trend and guide the price to try to rise on an intraday basis. The expected trading range is between the $1100.00 support level and the $1130.00 resistance level. Trend forecast: bearish.

EMA50 has formed obvious negative pressure on CBOT corn prices.

Economies.com analyst's latest view: CBOT corn prices significantly broke the level of $449.20 and closed below it yesterday, activating the downward scenario on an intraday basis and advancing towards the downward target starting from $433.50. Therefore, today we will continue to recommend a bearish bias, which is supported by the negative pressure formed by the EMA50 above the 50-day index moving average line. Note that breaking $449.20 will stop the expected downward movement and guide the price to try to rise on an intraday basis. The expected trading range is between the $435.00 support level and the $450.00 resistance level. Trend forecast: bearish.

The translation is provided by third-party software.


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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