Forecast update for Brent -18-08-2026

Bitcoin (BTCUSD) advanced during its recent intraday trading after taking profits on its previous gains and relieving some of its overbought conditions on the relative strength indicators. This gives the price positive momentum that could help it resume its strong gains in the near term, particularly with continued positive support from trading above EMA50, which represents a dynamic support base that strengthens the chances of this recovery amid the dominance of a strong short-term ascending sub-trend.

Crude oil is holding onto strong gains during its recent intraday trading, beginning attempts to gain positive momentum that could help it break through the pivotal resistance level at $85.00. At the same time, the price is attempting to relieve some of its clear overbought conditions on the relative strength indicators, particularly as negative signals began to emerge from the indicator. This comes amid continued positive support from trading above EMA50, which reinforces the stability and dominance of the short-term uptrend, especially as the price moves along main and minor trend lines supporting this track.

Silver declined during its recent intraday trading, due to the stability of the key and stubborn resistance level at $66.40. The price is attempting to gain positive momentum that could help it break through this resistance in its upcoming movements, amid continued positive pressure from trading above EMA50, which reinforces the stability and dominance of the short-term uptrend. Meanwhile, the relative strength indicators entered extremely oversold territory compared with the price movement, signaling the emergence of fresh positive momentum around the price.