Forecast update for Brent -04-11-2026

Bitcoin (BTCUSD) recorded sharp gains in its recent intraday trading, following the stability of the pivotal support level at $76,500, which provided positive momentum that was further amplified by positive signals emerging from the relative strength indicators. The price is currently testing EMA50’s resistance, making a strong attempt to overcome the resulting negative pressure, which could pave the way for further gains in the near term.

Crude oil fluctuated in its recent intraday sessions, benefiting from the stability of the current support level at $94.35, which helped the price withstand the surrounding negative pressures. This comes amid the dominance of a steep short-term bearish corrective wave, with continued negative pressure resulting from trading below EMA50, which intensifies the downward pressure. This is reinforced by negative signals emerging from the relative strength indicators.

Silver surged higher in its recent intraday trading, driven by positive signals emerging from the relative strength indicators, which enabled the price to break above the pivotal resistance level at $51.20, which represents the neckline of a positive short-term technical pattern, namely a double bottom formation. This strengthens the chances of extending these gains in the near term, particularly as the price is currently testing EMA50’s resistance, attempting to overcome the resulting negative pressure and resume its corrective upward movement.