Natural gas price touched $2.880 level, to repeat testing the barrier near $3.050, attempting to gather more of the negative momentum to confirm the continuation of the suggested negativity.
Reminding you that the bearish scenario will remain valid if the price settles below the main resistance at $3.185, gathering the negative momentum will make is reach the negative stations that begin at $2.810 reaching the obstacle near $2.620.
The expected trading range for today is between $2.810 and $3.100
Trend forecast: Bearish
The EURJPY pair continued forming bullish waves, reaching the target at 173.40, forming strong obstacles to force it to form some sideways trading by its stability at 172.80.
Despite the continuation of providing positive momentum, we confirm that waiting to breach the current barrier is important to confirm its readiness to achieve extra gains that might extend to 174.20 reaching the next main target at 175.20, while the failure to achieve the breach will force the price to provide mixed trading with a chance for the price decline temporarily towards 171.30.
The expected trading range for today is between 172.35 and 174.20
Trend forecast: Bullish
The GBPJPY pair ended its last bullish attempts by facing 200.40 barrier, forming a strong obstacle to force it to form some bearish waves, to settle near 198.70.
Stochastic begins to provide negative momentum by reaching below 50 level will increase the negative pressure, to expect the price attempt to test the support at 197.85, and breaking it will force it to suffer extra losses that might extend to 197.20 and 196.30.
The expected trading range for today is between 197.85 and 199.40
Trend forecast: Bearish
Platinum price failed to surpass the barrier at$1426.00, forming temporary correctional rebound to gather some of its gains by testing extra support at $1383.00, to renew its positive action by its fluctuation near$1400.00.
Stochastic attempts to provide positive momentum will increase the chances of attacking the barrier at $1426.00 and surpassing it will open the way for recording extra gains that might extend to $1455.00 and $1480.00.
The expected trading range for today is between $1390.00 and $1455.00
Trend forecast: Bullish