Natural gas price surrendered in its last trading to the bearish track due to the continuation of forming a strong barrier at $3.450 level, to begin forming bearish waves, to settle at $2.950 approaching the previously suggested initial negative target.

The main indicators contradiction might push the price to provide some sideways trading, however its negative stability below the mentioned barrier makes us keep the bearish scenario, which might target $2.820 and $2.620.

The expected trading range for today is between $2.620 and 3.150

Trend forecast: Bearish

The EURJPY repeated attempts to form bullish waves due to providing positive momentum by the main indicators in the last period, to move away from the support at 182.00 and recording some gains by reaching 183.55.

We couldn’t confirm regaining the bullish bias unless breaching the barrier at 184.40 level and holding above it, therefore, we expect forming unstable mixed trading, to keep waiting for surpassing the main levels to confirm the main trend in the upcoming period.

The expected trading range for today is between 182.55 and 184.00

Trend forecast: Fluctuating within the bearish track

The GBPJPY pair confirmed the continuation of the bullish scenario by providing a new positive close above 210.60 support level, to record some gains by reaching 212.50 level.

The stability above 212.10 besides stochastic attempt to provide positive momentum, these factors will help it to activate the bullish attack, which might target 213.10 level reaching 214.10, while the return of the negative trend requires four hours negative close below 210.60.

The expected trading range for today is between 211.65 and 214.10

Trend forecast: Bullish

No change on platinum price negative track until this moment, due to its negative stability below $2210.00 level, forming some bearish waves and targeting $2090.00 level, approaching the suggested initial target in the previous report.

Providing negative momentum by the main indicators will assist to confirm the dominance of the negative scenario, to keep waiting for targeting extra stations by reaching $2015.00, while its rally above the barrier and providing a positive close will provide new chances to attempt to build a new bullish track directly to $2250.00 reaching 2310.00 level.

The expected trading range for today is between $2015.00 and $2140.00

Trend forecast: Bearish