Forecast update for crude oil -03-11-2026

Silver extended its losses in its latest intraday trading, amid the dominance of the main short-term bearish trend. The price continues to move alongside a supporting trend line, increasing the likelihood of further declines in the near term. This comes as negative pressure persists from trading below its EMA50, intensifying downside pressure. The relative strength indicators are also generating negative signals, despite reaching deeply oversold levels.

Gold declined in its latest intraday trading, reaching the key support level of $3,900, which was our morning target. This decline comes amid continued negative pressure from trading below its EMA50, reinforcing the dominance and stability of the main short-term downtrend. Meanwhile, the relative strength indicators continue to signal negative momentum, adding to the downside pressure on the price.

The EURUSD pair declined in its latest intraday trading, amid continued negative signals from the relative strength indicators, while the stubborn resistance level at 1.1190 remains intact. The decline has also pushed the pair below its EMA50 support, potentially exposing it to further downside pressure and signaling additional losses in the near term.