Forecast update for Brent -27-10-2026

Crude oil prices declined during recent intraday trading after once again failing to break above the pivotal resistance level at $102.00, as the price attempts to build positive momentum that could help it overcome this barrier. This comes amid the dominance of the short-term uptrend, with price movements alongside a trend line supporting this bullish path. Additionally, continued positive pressure from trading above EMA50 provides the price with a dynamic support base, strengthening its chances of rising in the near term.

Silver advanced during its latest intraday trading, attempting to recover some of its previous losses after breaking below the key support level at $53.40, which adds to the negative outlook in the near term. This comes particularly as the relative strength indicators continues to generate negative signals after forming a bearish divergence following its entry into extremely overbought levels. Meanwhile, continued negative pressure from trading below EMA50 reinforces the dominance and stability of the main short-term downtrend.

Gold continued to fluctuate during its latest intraday trading, benefiting from the continued resilience of the psychological support level at $4,000. This comes amid the dominance of the main short-term downtrend, with price movements alongside a trend line supporting this bearish path. Additionally, continued negative pressure from trading below EMA50 is limiting the chances of a full recovery in the near term, particularly as the relative strength indicators continues to generate negative signals after reaching deeply overbought territory.