Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Forecast update for Brent -16-06-2026

Economies.com
2026-06-16 10:53 UTC

 

 

Brent crude oil prices kept declining in its last intraday trading, as it managed to offload its oversold conditions on the relative strength indicators in its previous moves, to begin sending negative signals again, which forced the price to surrender for the surrounding negative pressures. The price moves alongside main bearish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of its recovery on a near-term basis.

 

 

Forecast update for Bitcoin -16-06-2026

Economies.com
2026-06-16 10:50 UTC

 

Bitcoin (BTCUSD) rose in its last intraday trading, preparing to reach $67,500 resistance, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive pressure that comes from its trading above EMA50, besides the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals that reinforce the stability of the bullish corrective move.

Forecast update for crude oil -16-06-2026

Economies.com
2026-06-16 10:47 UTC

 

 

Crude Oil prices deepened its losses in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, besides the beginning of the negative signals emergence from the relative strength indicators, after offloading its oversold conditions, to open the way for recording more loses in the upcoming near period.

Forecast update for silver-16-06-2026

Economies.com
2026-06-16 10:45 UTC

 

 

Silver price rose in its latest intraday trading, affected by breaching main bearish trend line on the short-term basis, under the dominance of the bullish corrective move, supported by its trading above EMA50, noticing the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, with the emergence of positive signals from the relative strength indicators, reinforcing the chances of extending its gains in the near upcoming period.