Natural gas prices began receiving negative momentum due to stochastic exit from the overbought level, holding below the moving average of 55, to begin targeting some negative stations by reaching $3.150.

The stability below the barrier at $3.520 makes us keep the negative scenario, to keep waiting for targeting $2.920 level by the continuation of the negative pressures, which might renew the pressure on the support at $2.620.

The expected trading range for today is between $2.920 and $3.300

Trend forecast: Bearish

The EURJPY pair confirmed delaying the negative attempts, with the positive momentum that comes from the main indicators, to attempt to record some gains by reaching 185.35.

Note that the continuation of facing positive pressures, by the attempt of forming an initial support at 184.20 level, which might help it to reinforce the chances of recording extra gains by targeting 185.85 level, while the return of the fluctuation below 184.20 will reinforce the chances of forming new bearish trading, to expect reaching 183.50 level initially, attempting to reach the next support at 182.90.

The expected trading range for today is between 184.40 and 185.80

Trend forecast: Bullish 

The GBPJPY pair faced strong bullish pressures in yesterday's trading, forming bullish waves to press on the barrier at 214.50, which forms a key for confirming the expected trend in the near and medium trading.

Note that activating the bullish trend needs to provide a positive close above the breached barrier, to record several gains by its rally towards 215.10 and 215.60, while the failure of the breach will push it to form corrective waves, to reach 213.50 by the negative factors that might extend the trading towards 212.00.

The expected trading range for today is between 213.90 and 215.10

Trend forecast: Bullish

Platinum price remains stable within the minor bearish channel’s levels, facing the contradiction of the main indicators, fluctuating within the minor bearish channel’s levels and reaching the initial target at $1550.00.

Note that the stability below the resistance at $1685.00 will increase the chances of gathering the required negative momentum to resume the bearish trend, to expect targeting $1510.00 level, surpassing it will make the next main target at $1435.00 level in the current trading.

The expected trading range for today is between $1515.00 and $1640.00

Trend forecast: Bearish