This article summarizes the latest views of analysts from Economies.com today, covering multiple instruments including spot gold and WTI crude oil futures!
WTI crude oil futures prices have broken through our expected target and surged significantly.
The latest view from Economies.com analysts today: WTI crude oil prices continued to rise in recent intraday trading, hitting our key resistance target of $62.00. The price stabilizing above the 50-day exponential moving average (EMA50) has supported this breakout, further solidifying the stability of the dominant short-term bullish trend. At the same time, the price is running along a secondary uptrend line that supports this bullish trend, and the Relative Strength Index (RSI) continues to send positive signals, indicating strong upward momentum and maintaining the possibility of continued gains in the near future. Therefore, we expect crude oil to continue its upward movement in the upcoming intraday trading as long as it remains above $62.00, with the first target being the initial resistance level at $63.00.
Spot silver prices are expected to reach new highs.
The latest view from Economies.com analysts today: Spot silver prices rose in recent intraday trading and are now preparing to challenge the $115.00 resistance level, which was also the target price set in our previous analysis. As the price continues to trade above the 50-day exponential moving average (EMA50), the stability of the short-term primary uptrend has been reinforced, supporting this bullish outlook. Meanwhile, the Relative Strength Index (RSI) continues to provide positive signals for this path, especially as the price is currently running along key and secondary bullish trend lines. This reflects robust upward momentum and keeps open the possibility of challenging higher levels in the near future. Therefore, we expect silver to show an upward trend in the upcoming intraday trading, and if it can effectively break through the $115.00 resistance level, the next target will be the $122.00 resistance level.
Spot gold prices hit new highs again.
The latest view from Economies.com analysts today: Spot gold prices extended their rally in recent intraday trading, continuously setting new all-time highs and reaching our previously analyzed resistance target of $5,200. This strong performance was supported by the price remaining consistently above the 50-day exponential moving average (EMA50), further consolidating the stability of the dominant short-term bullish trend. On the other hand, the Relative Strength Index (RSI) continues to provide bullish signals for the upward path. Although the indicator is currently in overbought territory, which may lead to price fluctuations or temporary profit-taking, this does not undermine the strength of the dominant upward trend. Therefore, we expect gold to continue its upward movement in the upcoming intraday trading, and if it can effectively break through the $5,200 resistance level, the next target will be the $5,400 resistance level.
