Forecast update for crude oil – 02-09-2026

Silver price fluctuated at its latest intraday levels, with the emergence of positive signals from the relative strength indicators after reaching oversold levels, in attempt to recover some of its previous losses and offloading some of these oversold conditions, which provides some bullish momentum in the near upcoming period.

Gold price declined during its latest intraday trading, after its managed to offload its oversold conditions on the relative strength indicators, suggesting more downside moves in the near upcoming period, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressures and reduces the chances of a full recovery on the near term basis.

The EURUSD pair kept declining during its latest intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.