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Forecast update for crude oil -12-06-2026
Crude Oil continued to decline in recent intraday trading, reaching the key support level of $82.00, which represented our previous downside target. The short-term trend remains bearish, supported by a descending trendline and ongoing pressure from trading below the EMA50.
However, relative strength indicators have begun to show a bullish crossover after reaching deeply oversold levels, a signal that may help limit further losses in the near term.
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Forecast update for silver-12-06-2026
Silver continues to trade in a volatile range while holding on to its recent gains. However, the price remains under pressure from trading below the EMA50, reinforcing the dominant short-term bearish trend.
MoreForecast update for Gold -12-06-2026
Gold holds on to its recent gains despite emerging negative signals from the relative strength indicators after reaching overbought levels. These signals have not yet been reflected in price action, highlighting the strength of the current bullish momentum.
MoreForecast update for EURUSD -12-06-2026.
The EURUSD pair traded in a volatile manner during recent sessions, testing the key resistance level at 1.1575, which represents the neckline of a developing bullish double-bottom pattern. The pair is also attempting to overcome the negative pressure from the EMA50, increasing the importance of this area in determining the next direction.
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