Forecast update for Brent -02-09-2026

Bitcoin (BTCUSD) kept declining in its latest intraday sessions, approaching the key support level at $76,000, which was an expected target in our previous analysis, amid the dominance of bearish corrective waves on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, despite the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, attempting to offload some of this oversold conditions, which didn’t affect the price action, as a signal for the strength of the negative pressures on the price, suggesting more downside moves in the near upcoming period.

Crude oil declined in its latest intraday trading, affected by the stability of $90.50 resistance, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, to gather its positive momentum that might help it to recover and breach this resistance, amid the continuation of the positive support that comes from its trading above EMA50, with the dominance of the main bullish trend on the short-term basis.

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.