Forecast update for Brent -06-11-2026

The Bitcoin price (BTCUSD) fluctuating in its recent intraday levels, attempting to recover some of its previous losses while also working to ease its clearly oversold conditions on the relative strength indicators, with positive signals beginning to emerge from these indicators. However, the short-term main bearish trend remains dominant, with continued downside pressure resulting from trading below EMA50, which limits the chances of a full recovery in the near term.

The crude oil price declined in its recent intraday trading, following the resilience of the $91.00 resistance level, which exposed the price to negative pressure and pushed it lower. This comes amid the dominance of a steep short-term bearish sub-wave, with continued downside pressure resulting from trading below EMA50. Meanwhile, a negative divergence has begun to form on the relative strength indicators, after the indicators reached extremely overbought territory. Negative signals have also started to emerge, increasing the likelihood of deeper losses in the near term.

Silver price edged higher in its recent intraday trading, supported by EMA50, which provided positive momentum and helped the price achieve these gains. This momentum is reinforced by the emerging positive signals from the relative strength indicators, after reaching oversold levels, helping the price extend its gains in the near term, amid the dominance of a short-term bullish corrective wave.