Forecast update for Brent -26-10-2026

Bitcoin (BTCUSD) is holding on to modest gains in its latest intraday trading, following the resilience of the pivotal $80,000 support level. This has helped the price gain some positive momentum, which is being reinforced by emerging bullish signals from the relative strength indicators. However, negative pressure persists as the price continues to trade below its EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the short-term bearish corrective trend.

Crude oil is holding lower in its latest intraday trading, as the price attempts to gain positive momentum that could help it recover and resume its gains in the near term. This comes amid the dominance of the main short-term bullish trend, with the price moving alongside a trend line that supports this path. Positive pressure also persists as the price continues to trade above EMA50. Meanwhile, the relative strength indicators have entered deeply oversold territory to an excessive degree compared with price action, suggesting the potential formation of positive divergence that could improve the chances of a near-term recovery.

Silver fluctuated in its latest intraday movements, following the resilience of the $53.40 support level. This helped the price gain some positive momentum, enabling it to contend with the negative pressures surrounding it. However, negative pressure persists as the price continues to trade below EMA50, reinforcing the dominance and stability of the main short-term bearish trend. The price is also moving alongside a trend line that supports this bearish path. In addition, a bearish crossover has begun to emerge on the relative strength indicators after they reached extremely overbought territory relative to price action, signaling the potential formation of negative divergence that could intensify the selling pressure on the price.