Natural gas price started forming slow bearish waves, attempting to activate the previously suggested downside scenario as it moves toward $3.070, moving away from the resistance level at $3.350.

Currently, with the main indicators providing negative momentum, increasing the chances of attacking the $2.920 level. A break below this level would open the door toward additional bearish targets, potentially starting at $2.800, and extending to the support near $2.620.

On the other hand, a shift back into an upward trend would require a strong bullish surge, allowing the price to stabilize above $3.520. This would enable it to record further gains, gradually targeting $3.710 and $3.950 respectively.

The expected trading range for today is between $2.920 and $3.180.

Trend forecast: Bearish

The pair opened this morning’s trading on a strong positive note, as it is currently attacking the barrier at 185.80, attempting to find a breakout that confirms continued positive momentum in the short and medium term.

We note that repeated stability above the support level at 184.20, combined with the main indicators providing positive momentum, would increase the chances of achieving the required breakout. In that case, the price is expected to head directly to 186.65, and with continued upward pressure it may extend toward the next main target at 187.40.

The expected trading range for today is between 185.00 and 186.65

Trend forecast: Bullish

The pair continues to remain positioned within a positive trend so far, supported by the formation of the 213.50 level as the first key support. This has led to renewed attempts to reach the resistance near 215.50, in an effort to find a breakout path to resume the upward movement in the short to medium term trading.

Based on the above, we will remain waiting for the price to achieve the required breakout, which would increase the likelihood of targeting 216.10 and 216.65 initially. With continued positive factors, the movement could extend toward 217.50, which represents the first main target of the upward trend.

The expected trading range for today is between 214.00 and 216.10

Trend forecast: Bullish

Platinum price continued to form positive trading, benefiting from the formation of the $1640.00 level as a strong additional support, leading to its current attempt to attack the initial barrier at $1770.00, to find a path for further upward waves in the near term.

Note that the attempt of stochastic to provide positive momentum could push the price to surpass the current barrier, to expect reaching $1865.00, to attempt to test the main resistance located around $1922.00. On the other hand, failure to break out would force mixed trading, with a renewed chance of declining toward $1690.00.

The expected trading range for today is between $1720.00 and $1865.00.

Trend forecast: Bullish