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Forecast update for brent crude oil -12-01-2026

Economies.com
2026-01-12 11:01AM UTC

Brent crude oil’s prices declined in its last intraday trading, to gather the gains on its previous rises, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, to gather its bullish momentum, which might help it to recover and rise again, amid the dominance of strong minor bullish wave on the short-term basis, besides the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of its recovery in the upcoming period.

 

 

 

Forecast update for Bitcoin -12-01-2026

Economies.com
2026-01-12 10:59AM UTC

 

BTCUSD’s price slipped lower in its recent intraday trading, erasing all its early gains for today, due to reaching EMA50’s resistance and its failure in surpassing this obstacle, which forced it to surrender to the negative pressures, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, but the price remains moving alongside minor bullish trend line, which might help it to return to rise in the near period, if it keeps moving alongside this line.

 

 

Forecast update for crude oil -12-01-2026

Economies.com
2026-01-12 10:55AM UTC

The price of (crude oil) declined in its last intraday trading, affected by the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, to attempt to offload these overbought conditions, attempting to gain new bullish momentum that might support its recovery and resuming the rise in the upcoming period.

 

Despite this intraday decline, the bullish support remains valid by the trading above EMA50, to indicate the continuation of bullish corrective wave on the short-term basis, limiting the current negative pressures.

 

 

Forecast update for silver -12-01-2026

Economies.com
2026-01-12 10:52AM UTC

 

The price of (silver) settles with sharp gains in its last intraday trading, recording new all-time highs, supported by its continuous trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside trend line, besides the emergence of the positive signals from the relative strength indicators, despite its stability in overbought levels.