Forecast update for Brent -16-09-2026

Bitcoin (BTCUSD) is holding onto limited and cautious gains during its latest intraday trading, with the price attempting to recover part of its previous losses while also trying to alleviate some of its oversold conditions on the relative strength indicators, amid the emergence of positive signals from them. This comes as a short-term bearish corrective wave remains in control, with the price moving along a trendline supporting this path, in addition to continued negative pressure resulting from trading below EMA50, which represents dynamic resistance and limits the chances of a full recovery in the near term.

Crude Oil suffered a series of consecutive losses during its latest intraday trading, following the resilience of the pivotal $101.00 resistance level, alongside the emergence of negative signals from the relative strength indicators after they reached extremely overbought levels. The price is currently attempting to find a higher low that could serve as a base to help it gain the positive momentum needed to resume its recovery, amid continued positive support from trading above EMA50, which reinforces the dominance and stability of the main short-term uptrend, with the price moving along a minor trendline supporting this path.

Silver rose during its latest intraday trading, supported by the resilience of the pivotal $62.60 level, as the price attempts to recover some of its previous losses. This comes amid continued negative pressure stemming from trading below EMA50, which represents dynamic resistance and reinforces the dominance and stability of the short-term bearish corrective trend, with the price moving along a slope line supporting this path. Meanwhile, we note that the relative strength indicators have entered extremely overbought levels, signaling the potential formation of a bearish divergence that could intensify bearish pressure around the price in the coming period.