Crude oil price consolidates below 104.60 level after the positive attempts that it witnessed yesterday, which keeps our bearish overview valid for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to resume the negative trades to head towards 98.95 as a next main target.

On the other hand, we should note that breaching 104.60 will lead the price to turn to rise and achieve intraday gains that start by testing 107.00 and extend to 109.15 after surpassing the previous level.

The expected trading range for today is between 100.00 support and 106.00 resistance.

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The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0207	0.0009	0.0907%
The EURUSD awaits more rise – Analysis - 09-08-2022
	GBP/USD	1.2082	-0.0034	0.2843%

	Silver	20.611	0.247	1.213%

	Oil	90.218	1.740	1.967%
Crude oil price attempts to recover – Analysis - 09-08-2022
	Brent Oil	95.98	-0.71	0.73%

	Gold	1785.965	4.290	0.241%
Gold price resumes the rise – Analysis - 09-08-2022

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