Forecast update for Brent -09-09-2026

Bitcoin (BTCUSD) posted limited gains during its latest intraday trading, driven by positive signals emerging from the relative strength indicators. These indicators reached extremely overbought territory relative to the price action, clearly signaling a rapid loss of momentum. This is particularly evident as the price encounters resistance from its EMA50, threatening to reverse these gains to the downside and resume the corrective decline in the near term.

Crude oil keeps strong gains during its latest intraday trading after breaking above the pivotal resistance level of 92.80, in an important move toward overcoming this resistance and paving the way for further gains in the near term. This comes amid the dominance of the short-term bullish trend, with price movements tracking alongside main and minor trend lines supporting this trajectory. In addition, positive signals are emerging from the relative strength indicators, strengthening the positive momentum surrounding the price.

Litecoin (LTCUSD) extended its decline in recent intraday trading as the cryptocurrency searches for a higher low that could provide a solid base for rebuilding the positive momentum needed to resume its recovery. The broader technical backdrop remains favorable, with the price continuing to trade above its 50-period Simple Moving Average (SMA), which is acting as dynamic support and strengthening the prospects for a near-term recovery. The primary uptrend also remains in control, with price action continuing to follow a minor ascending trendline that supports the prevailing bullish bias. Meanwhile, momentum indicators are beginning to form a bullish divergence after reaching extremely oversold levels relative to the price action, with fresh bullish signals also starting to emerge.