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8月21日技术分析报告:现货黄金、WTI原油期货

August 21 technical analysis report: spot gold, WTI crude oil futures

Golden10 Data ·  Aug 21 12:42

This article summarizes the latest views of Economies.com analysts today, covering multiple products such as spot gold, WTI crude oil futures!

If the spot gold can break through $2540.00, the next target will be $2600.00.

Economies.com's analysts latest view: After experiencing declines in the previous trading days, gold prices recovered and provided positive trading signals, supporting the expectation of continued bullish trend. Testing $2540.00 as the next positive site, breaking through this level will open the way to visit the $2600.00 level. The stochastic indicator has clearly shaken off negative momentum, waiting to stimulate prices to continue to rise and achieve the suggested goal. The continuous bullish trend needs to be maintained above $2483.40. The expected trading range for today is between $2500.00 support and $2545.00 resistance. Trend forecast: Bullish.

Spot silver prices maintain a bullish trend.

Economies.com's analysts latest view: After approaching the $30.06 level, spot silver prices faced negative pressure, testing the key support level of $29.30 and consolidating above it. It is noted that the price has shown a bullish tendency today and has advanced towards the expected daily and short-term bullish trend, with a target starting from $30.06 and extending to $31.00 after breaking through the previous level. The stochastic indicator has obviously gained positive momentum to support the upward expectation. Breaking below $29.30 will stop the bullish trend and push prices down. The expected trading range for today is between $29.30 support and $30.06 resistance. Trend forecast: Bullish.

There is significant upward pressure, and WTI crude oil futures prices may fall further.

Economies.com's analysts latest view: After testing $75.00 in the previous trading days, WTI crude oil futures prices rebounded downwards. Today, it continued to fall and broke through the $74.00 level to confirm the dominant position of the daily and short-term bearish trend. It is expected we will reach our next negative target starting from $72.85 and extending to $72.05. The negative pressure formed by the EMA50 supports the continuous bearish trend, and breaking through $75.00 will stop the negative scenario and lead to a bullish trend, with the main target area being $76.86. The expected trading range for today is between $72.04 support and $75.00 resistance. Trend forecast: Bearish.

Brent crude oil futures prices have resumed the daily and short-term bearish trend.

Economies.com's analysts latest view: Yesterday, Brent crude oil futures prices provided positive trading signals, approaching the key resistance level of $78.80, but then a strong fall resumed the expected daily and short-term bearish trend, and began to exert pressure on the $77.00 level. Breaking through it confirms further downward movement to $75.78, which represents our next target. Therefore, we will continue to recommend maintaining a bearish trend in the next period and indicate that breaking through $78.80 will stop the bearish trend and lead to a price rise. The expected trading range for today is between $75.50 support and $78.50 resistance. Trend forecast: Bearish.

CBOT corn prices maintain a bullish trend today, with the next target at $405.20.

Economies.com's analysts latest view: CBOT corn prices have resumed positive trading, reaching our first target of $397.50. It is noted that the stochastic indicator now overlaps positively, which encourages prices to provide more expected positive trading in the next trading period, and is expected to advance towards $405.20 as the next main target. Therefore, we will continue to recommend maintaining a bullish trend in the next period and pay attention to stopping the bullish trend and pushing prices back to the main bearish trend if it falls below $387.30. The expected trading range for today is between $390.00 support and $405.00 resistance. Trend forecast: Bullish.

There is conflict between technical indicators, waiting for clearer trend signals in CBOT soybean prices.

The latest view from the analyst at Economies.com today: CBOT soybean prices have successfully touched the resistance line of the main put channel. It should be noted that there is a contradiction between technical factors, because technical indicators provide negative signals that support the current resistance line intensity, which may force prices to fall again. At the same time, we noticed that the price has formed a double bottom pattern, which may push the price to break through the channel and start a bullish correction intraday and in the short term. Therefore, we are currently more inclined to wait and see until we obtain clearer signals for the next trend. It should be noted that if it breaks through 986.70, the price will rise to the 1028.80 area, while falling below 978.00 will push the price to resume the main bearish trend and begin testing the negative target of 960.30. The trading range is expected to be between the support level of 980.00 and the resistance level of 1000.00 today. Trend forecast: neutral.

ICE raw sugar prices maintain a bearish expectation intraday.

The latest view from the analyst at Economies.com today: ICE raw sugar prices have successfully fallen below the level of 17.96 and closed below it on the daily candlestick chart. This strengthens the expectation of a bearish trend intraday and in the short term, and the next target is to look at 17.35. The 50-day index moving average (EMA50) continues to support the expected bearish wave, which requires prices to stabilize below 17.96, especially when below 18.40. The trading range is expected to be between the support level of 17.35 US dollars and the resistance level of 18.00 US dollars today. 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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