Crude oil price continues to rise within the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting for more bullish bias that targets 84.00 followed by 85.40 levels as next main stations.

Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 81.30 might press on the price to test the key support base 79.80 before any new attempt to rise.

The expected trading range for today is between 81.00 support and 84.00 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0265	0.0067	0.6597%
Midday update for the EURUSD 12-08-2022
	GBP/USD	1.2139	0.0022	0.1816%

	Silver	20.583	0.219	1.075%

	Oil	92.262	3.784	4.277%
Midday update for Crude oil 12-08-2022
	Brent Oil	97.88	-1.74	1.75%

	Gold	1796.970	15.295	0.859%
Midday update for Gold 12-08-2022

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