Forecast update for Brent -28-07-2026

Brent crude oil prices deepened its losses on their latest intraday trading, reaching $83.00 support, this support was our last expected target, affected by breaking a bullish trend line on the short-term basis, with a continued dynamic pressure due to its trading below EMA50, on the other hand, we notice the beginning of positive signals emergence from the relative strength indicators, after reaching oversold levels, which helped the price to settle temporarily, due to its neediness to offload some of the oversold conditions before resuming its losses in the near upcoming period.

(BTCUSD) settles on sharp losses during its last intraday trading, affected by breaking a main bullish trend line on the short-term basis, showing its positive trend and suggesting more downside moves in the upcoming near period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, with the continuation of the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that intensified the negative pressure.

Crude oil prices experience slight gains in their latest intraday trading, attempting to recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of steep minor bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the near upcoming period.

Silver prices settle lower during their latest intraday trading, affected by breaking a bullish corrective trend line on the intraday levels, accompanied by surpassing EMA50’s support, which put it under the negative pressure to decline towards the key support level at $57.00, accompanied by the positive signals that come from the relative strength indicators after reaching oversold levels, which helped it to settle temporarily, attempting to offload some of the oversold levels.