Forecast update for crude oil -29-10-2026

Silver prices remain lower in their latest intraday trading, with the price breaking below the $53.40 support level. This comes amid continued negative pressure from trading below EMA50, which acts as dynamic resistance, reinforcing the dominance and stability of the main short-term bearish trend. Prices are also moving along a trend line that supports this bearish path. In addition, the relative strength indicators are generating negative signals, increasing the likelihood of further losses in the near term.

Gold prices declined in their latest intraday trading, amid negative signals from the relative strength indicators and the dominance of the main short-term bearish trend. Prices are moving along a trend line that supports this bearish trajectory. In addition, continued negative pressure from trading below EMA50 increases the likelihood of further losses in the near term.

The EURUSD pair fluctuated in its latest intraday trading, amid continued negative pressure from trading below EMA50. This reinforces the dominance and stability of the main short-term bearish trend. Meanwhile, the relative strength indicators are beginning to form a negative divergence after reaching excessively overbought levels relative to the pair’s price action. The indicators have also started generating negative signals, adding to the downward pressure on the pair.