|
Natural gas price approaches the target– Forecast today – 4-12-2025
Natural gas price continued forming bullish waves, taking advantage of its stability within the bullish channel’s levels, to form a solid support by %38.2 Fibonacci correction level at $4.500, to approach from the initial main target by reaching $5.052 level.
Stochastic stability within the overbought level will increase the efficiency of the bullish track, to pave the way for surpassing $5.180 level, to open the way for recording extra gains that might extend towards $5.250 and $5.710.
The expected trading range for today is between $4.950 and $5.450
Trend forecast: Bullish
The EURJPY is waiting for surpassing the barrier– Forecast today – 4-12-2025
Despite the positive factors in the last period, especially unionism between the main indicators besides the stability of the EURJPY pair’s price within the bullish channel’s levels, the continuation of forming extra barrier at 181.70 level reinforces the dominance of the sideways bias in the current trading.
Therefore, we will keep waiting for breaching the barrier and providing positive close above it to confirm its readiness to achieve new gains by its rally towards 182.35 initially, reaching the next main target near 183.05.
The expected trading range for today is between 180.65 and 182.35
Trend forecast: Bullish
The GBPJPY steps above the barrier– Forecast today – 4-12-2025
The GBPJPY pair confirmed the continuation of the bullish scenario, forming several bullish waves to settle above 206.90 level, achieving some extra gains by hitting 207.35 level.
The price success in holding above the breached barrier and stochastic attempt to provide bullish momentum supports the chances of recording extra gains that might extend towards 208.20, to face the resistance of the bullish channel that appears in the above image.
The expected trading range for today is between 206.75 and 208.20
Trend forecast: Bullish
Platinum price needs a new momentum– Forecast today – 4-12-2025
Platinum price is affected by the contradiction between the main indicators, especially by stochastic reach below 80 level, to force it to provide new sideways trading, to keep its stability near$1660.00.
Reminding you that holding above $1605.00 level, will make it form extra support to increase the chances of gathering the required bullish momentum to reach $1695.00, and surpassing this obstacle will extend the trading towards the positive stations that begin at $1745.00.
The expected trading range for today is between $1620.00 and $1695.00
Trend forecast: Bullish