Natural gas price benefited from the repeated positive pressures by breaching the barrier at $2.920, confirming the continuation of the bullish corrective scenario, approaching the initial target at $3.050.
In general, the stability above $2.620 support and providing bullish momentum by the main indicators will increase the efficiency of the bullish trend in the current trading, to expect the attempt of recording extra gains by its rally towards $5.200 and $3.380.
The expected trading range for today is between $2.950 and $3.200
Trend forecast: Bearish
The EURJPY pair activated with negative pressure yesterday, forming a sharp decline to surpass the previously suggested negative stations, resuming the bearish trend by reaching 182.50.
MoreThe GBPJPY pair formed a sharp decline yesterday, affected by the repeated negative pressures, surpassing the previously waited targets by reaching 214.95 level, to settle near 212.35 level as appears in the above image.
MorePlatinum price ended the last corrective decline by its approach from the support level of $1695.00, to begin forming bullish waves, announcing the continuation of the previously suggested bullish scenario, fluctuating near $1780.00 level.
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