Natural gas prices activated the scenario of gathering the gains by reaching below the extra support at $4.750, targeting $4.580 level as appears in the above image.
Stochastic exit from the overbought that might increase the temporary negative pressure on the price, to expect reaching $4.420 and there is a chance for retesting the next support at $4.200, while the price success to step above $4.750 will increase the chances of forming strong bullish trading, to repeat the attempts of reaching $5.100.
The expected trading range for today is between $4.420 and $4.800
Trend forecast: Bearish
The EURJPY pair took advantage by the positive pressures, confirming the main bullish scenario to surpass the barrier at 181.70 yesterday, and achieving clear losses by reaching 182.62.
Stochastic attempts to reach overbought level will increase the chances of gathering the bullish momentum, which makes us prefer more of the bullish attempts that might target 183.10 level reaching 184.05, forming the current main target in the bullish trading.
The expected trading range for today is between 181.45 and 183.10
Trend forecast: Bullish
The GBPJPY pair took advantage of the positive factors by forming extra support at 206.90 level, by providing positive momentum by the main indicators, to rally towards 208.90 yesterday, achieving the initial extra target in the previous report, forcing it to form sideways trading to gather the extra bullish momentum.
No escape from resuming the bullish attack, breaching 208.60 level make us expect targeting new bullish stations by its rally towards 209.30 reaching 261.8%Fibonacci extension level near 209.75.
The expected trading range for today is between 208.00 and 209.75
Trend forecast: Bullish
Platinum price ended the last bullish rally after facing the barrier at $1695.00, to settle below it to form mixed trading by its fluctuating near $1665.00.
The price keeps providing mixed trading, but stochastic attempt to provide bullish momentum to breach the previously- mentioned barrier, reinforcing the chances of recording extra gains that might begin at $1715.00 and $1745.00, while the risk of changing the trend is represented by breaking the support at $1605.00, which forces it to suffer big losses by reaching $1575.00 initially.
The expected trading range for today is between $1645.00 and $1745.00
Trend forecast: Bullish