Natural gas prices ended the last bullish rally by reaching the target at $3.150, forming an intraday obstacle against the bullish attempts to fluctuate in sideways range by its stability near $3.050.

Stochastic attempts to reach the overbought level increases the chances of gathering the required extra positive momentum to surpass the mentioned barrier to ease the mission of recording extra gains by reaching $3.250 resistance and surpassing it will open the way for recording more gains by reaching $3.360 and $3.520.

The expected trading range for today is between $2.950 and $3.250

Trend forecast: Bullish

The EURJPY pair didn’t move anything since yesterday, due to the continuation of the main indicators’ contradiction, which forces it to settle above 184.30 barrier, which obstructs the stability of the chances of reaching initial negative stations that are located near 183.90 and 183.50.

The price might provide mixed trading, but the main stability below 185.50 support makes us wait for gathering the required negative momentum for activating the bearish corrective trend and reaching the previously suggested initial stations.

The expected trading range for today is between 183.90 and 184.80

Trend forecast: Bearish

The GBPJPY pair failed in activating the bearish corrective trend due to its neediness to the negative momentum, to settle above 212.80 level, to begin forming bullish waves to settle near 213.50 level.

The contradiction of the main indicators with the stability below 214.50 barrier might force the price to provide unstable mixed trading until gathering the required negative momentum to break 218.00 level, opening the way for reaching corrective stations that might begin at 212.35 and 211.80. 

The expected trading range for today is between 212.60 and 213.95

Trend forecast: Fluctuating

Platinum price kept its stability within the bearish corrective trend by its stability near $1935.00 due to the continuation of forming extra barrier at the moving average 55 by its stability near $2000.00 besides the continuation of providing negative momentum by stochastic.

And that makes us keep the bearish scenario, which might target $1865.00 level and breaking this obstacle will extend the trading towards $1820.00 reaching %61.8 Fibonacci extension level near $1780.00, note that activating the bullish trend requires providing positive closes above $2080.00 level.

The expected trading range for today is between $1865.00 and $1990.00

Trend forecast: Bearish