Forecast update for crude oil -02-11-2026

Silver rose in recent intraday trading, attempting to recover some of its previous losses. During this rebound, the price managed to ease its oversold conditions on the relative strength indicators, pushing the indicators into extremely overbought territory relative to price action. This signals a rapid loss of positive momentum, threatening to erase these gains and trigger a renewed decline.

Gold is holding on to its modest gains recorded earlier today, driven by positive signals emerging from the relative strength indicators after it reached deeply oversold levels. This has allowed the price to recover some of its previous losses, supported by the stability of the $3,900 support level.

The EURUSD pair extended its gains in recent intraday trading, successfully breaking above resistance at EMA50, while also breaching a minor descending trend line over the short term. This has allowed the pair to shake off the surrounding negative pressure and paves the way for further gains in the near term.