Forecast update for crude oil -30-10-2026

Silver continued its decline in its latest intraday trading, amid the complete dominance of the main short-term bearish trend, with price movements tracking along a descending trend line that supports this bearish path. This is further reinforced by persistent negative dynamic pressure resulting from trading below EMA50. Meanwhile, the relative strength indicators continue to generate negative signals, despite reaching deeply oversold levels.

Gold continues to post consecutive losses in its latest intraday trading, breaking below the key support level of $4,000. This confirms the price’s determination to extend its decline in the near term, particularly amid continued negative pressure from trading below EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the main short-term bearish trend, accompanied by negative signals from the relative strength indicators, despite reaching deeply oversold levels.

The EURUSD pair moved higher in its latest intraday trading, following an early attempt to take profits and ease some of its overbought conditions, particularly amid positive signals emerging from the relative strength indicators. However, the positive momentum gained after breaking above a main short-term bearish trend line helped the pair rebound and resume its upward movement, supported by dynamic support provided by trading above EMA50, strengthening the chances of further gains in the near term.