Forecast update for Brent -02-11-2026

Bitcoin (BTCUSD) succumbed to the surrounding negative pressure, declining in recent intraday trading. This comes amid continued downside pressure as the price trades below EMA50, reinforcing the dominance of the main short-term bearish trend.

Crude oil prices declined sharply in recent intraday trading, breaking below a major ascending trend line over the short term and breaching support at EMA50. This weakens the chances of a near-term recovery and signals a shift toward a corrective bearish move in the short term. This comes alongside negative signals emerging from the relative strength indicators, warning of further declines in the coming period.

Silver rose in recent intraday trading, attempting to recover some of its previous losses. During this rebound, the price managed to ease its oversold conditions on the relative strength indicators, pushing the indicators into extremely overbought territory relative to price action. This signals a rapid loss of positive momentum, threatening to erase these gains and trigger a renewed decline.