Forecast update for crude oil -30-07-2026

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.

Gold prices rose in their latest intraday trading, approaching from recovering all of its early losses for today, which came as the price attempted to offload the overbought conditions on the relative strength indicators, which provided dynamic base that reinforces the chances of extending these gains on the near-term basis, especially when breaching the near resistance, amid the dominance of bullish corrective wave on the short-term basis.

The EURUSD pair rose in its last intraday trading, affected by breaching bearish trend line on the short-term basis, benefiting from the positive support that comes from its trading above EMA50, reinforcing the chances of extending the gains in the near upcoming period, with the emergence of positive signals from the relative strength indicators, noticing that they entered overbought levels, which might decelerate the upside moves.