Forecast update for Brent -30-07-2026

(BTCUSD) rose during its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after offloading some of its overbought levels, gaining bullish momentum that helped it to achieve these gains, reaching EMA50’s resistance, which might threaten these gains by negative rebound, amid the dominance of the bearish corrective trend on the short-term basis and the trading within price channel range.

Crude oil prices declined in their latest intraday trading, affected by reaching EMA50’s resistance, which put it under the negative pressure, which intensified with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, preparing the price to record more losses if it couldn’t breach its near resistance, especially with the dominance of steep minor bearish wave on the short-term basis.

Silver prices rose during their latest intraday trading, affected by the stability of the key support level at $57.00, to keep its attempts to get rid of the negative pressure of EMA50, easing the way for extending its gains on the near-term basis, amid the dominance of bullish corrective wave on the short-term basis, noticing positive overlapping signals emerge from the relative strength indicators, after offloading the overbought conditions, opening the way for keeping the positive trend.