Crude oil price bounced upwards strongly after touching 86.60 level yesterday, to test the main bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 continues to press negatively on the price.

Therefore, we believe that the chances valid to resume the main bearish trend, which its next target located at 85.90, noting that the continuation of the bearish wave requires holding below 90.65.

The expected trading range for today is between 87.00 support and 91.50 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0535	0.0094	0.8994%
Update: The EURUSD breaks the support
	GBP/USD	1.2293	0.0245	2.0329%

	Silver	23.157	1.801	8.433%

	Oil	81.475	7.046	9.467%
Midday update for Crude oil 02-12-2022
	Brent Oil	85.86	-1.02	1.17%

	Gold	1795.560	45.085	2.576%
Update: Gold price under the negative pressure

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