Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Brent -19-05-2026

Economies.com
2026-05-19 10:38AM UTC

Brent crude oil prices rose slightly during the latest intraday trading sessions, preparing to reach the key resistance at $109.00, supported by the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, to notice the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on the near-term basis.

 

 

 

Forecast update for Bitcoin -19-05-2026

Economies.com
2026-05-19 10:35AM UTC

Bitcoin (BTCUSD) continues to move in a narrow and volatile range during its recent intraday trading, supported by positive signals from the relative strength indicators after previously reaching heavily oversold levels. However, on the other hand, the price is still facing negative dynamic pressure from trading below the EMA50, which reduces the chances of a full recovery in the near term, especially with the dominance of the short-term corrective bearish trend.

 

 

 

 

Forecast update for crude oil -19-05-2026

Economies.com
2026-05-19 10:32AM UTC

Crude Oil prices are witnessing volatile intraday trading around their recent levels, as the market attempts to gain positive momentum that could help break through the stubborn resistance level at $104.00. The price continues to trade above EMA50, which reinforces the stability and dominance of the main short-term bullish trend. However, on the other hand, the relative strength indicators are beginning to show a negative crossover, suggesting the formation of a negative divergence that may hinder the chances of further recovery in the near term.

 

 

Forecast update for silver-19-05-2026

Economies.com
2026-05-19 10:29AM UTC

Silver price declined during its recent intraday trading after being affected by the firmness of the resistance level at $78.35, as previously expected. This comes amid the dominance of a steep short-term corrective bearish wave, alongside continued negative pressure from trading below the EMA50, which increases the negative pressure surrounding the price, especially with the emergence of negative signals from the relative strength indicators after reaching heavily overbought levels.