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.