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Forecast update for crude oil -16-03-2026

Economies.com
2026-03-16 12:02PM UTC

The price of (crude oil) declined in its last intraday trading, affected by the stability of the main psychological resistance level at $100.00, with the emergence of negative signals from the relative strength indicators after reaching overbought levels, attempting to offload this overbought condition and gaining bullish momentum might help it to breach this resistance, taking advantage of the main bullish trend dominance on the short term basis, and its trading alongside supportive trend line for this path.

Forecast update for silver -16-03-2026

Economies.com
2026-03-16 11:57AM UTC

 

The price of (silver) declined in its last trading on the intraday trading, to break $79.50 support, despite the emergence of positive signals from the relative strength indicators after reaching oversold levels, as a clear signals for the dominance of the selling powers on the price movement, with the continuation of the negative dynamic pressure, that is represented by its trading below EMA50, intensifying the negative pressure around it, and reinforces the scenario of deepening the near upcoming losses.

Forecast update for gold -16-03-2026.

Economies.com
2026-03-16 11:52AM UTC

The price of gold is experiencing fluctuating trading on its last intraday levels, benefited from the stability of the key support at $5,000, gaining renewed bullish momentum due to the emergence of positive signals from the relative strength indicators, after reaching oversold levels, affected by breaking minor bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

Forecast update for EURUSD -16-03-2026.

Economies.com
2026-03-16 11:40AM UTC

 

The price of EURUSD rose strongly on its last intraday levels, as an attempt to recover some previous losses, to offload its oversold conditions on the relative strength indicators, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor trend line, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on the near-term basis.