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May 18th, Futures News: Economies.com analysts latest view: Spot gold prices recorded a new round of declines at the start of this trading week, gradually approaching the $4500 support level, preparing for a possible break below. This level is the price target we set in our previous analysis, reflecting that selling pressure remains strong, and the short-term bearish correction trend dominates. This decline occurred against the backdrop of prices consistently trading below the EMA50 moving average, which continues to exert negative and dynamic pressure, further reinforcing the current bearish expectations. Particularly noteworthy is that after prices successfully alleviated some of the oversold conditions indicated by the Relative Strength Index (RSI), the market has gained further downside potential technically, which could provide conditions for further declines in the short term.May 18th Futures News: Economies.com analysts latest view: Spot silver has continued to decline in recent intraday trading, mainly due to persistent negative pressure from prices trading below the EMA50 moving average. The EMA50 has been acting as a dynamic resistance level for some time, further exacerbating selling pressure and pushing prices below a significant short-term uptrend line. This technical signal reinforces the current bearish outlook. The decline in spot silver has extended to the support level of $74.00, which was previously considered a downside target in the analysis. Currently, prices are testing this support level, preparing for a possible break below. If the current selling pressure persists, spot silver may decline further in the short term.May 18th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices surged in recent intraday trading, reaching the resistance level of $104.00, which was our previous price target, reflecting the continued strength of bullish momentum and the dominance of the short-term uptrend. The current positive performance is attributed to the price consistently moving along the support trendline and remaining above the 50-day moving average (EMA50), which continues to provide dynamic support and enhances the possibility of further upward movement. Technically, the Relative Strength Index (RSI) continues to issue positive signals supporting the upward movement, despite currently being in severely overbought territory.May 18th Futures News: Economies.com analysts latest view: Brent crude oil futures have continued to rise in recent intraday trading, benefiting from dynamic support above the EMA50 moving average, and are poised to attack the key resistance level of $109.00. In the short term, the main bullish trend dominates, and prices are moving along the support line of this trend. Furthermore, although the Relative Strength Index (RSI) remains in overbought territory, positive signals have emerged, further strengthening the bullish sentiment.Thailands Finance Minister: Investment will be increased to support economic recovery.

Technical Analysis

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