Natural gas price surrendered to the main indicators negativity by providing new bearish pressures on the bullish channel’s support at $3.000 level as appears in the above image, the attempt of 3.520 level to form extra barrier might increase the chances of surrendering to the negative pressures, by breaking the current support, to confirm its move to bearish track by targeting several negative stations that might begin at $2.850 and $2.660.

We notice the continuation of stochastic fluctuation near 20 level, to increase the chances of gathering the required negative momentum to achieve the break then begin targeting the previously suggested negative stations.

The expected trading range for today is between $2.850 and $3.180

Trend forecast: Bearish

The EURJPY pair activated with the positive factors yesterday, achieving some targets by reaching 183.15 level, attempting to take a breather by its sideways fluctuation near 182.35.

Note that the bullish scenario will remain valid, depending on the stability of the support at 180.80, and providing bullish momentum by the main indicators will increase the chances of recording extra gains that might extend towards 183.40 reaching 61.88% Fibonacci corrective level at 184.05.

The expected trading range for today is between 181.80 and 184.05

Trend forecast: Bullish

The GBPJPY pair failed to settle above 209.15 barrier, providing mixed trading due to the contradiction between the negative stability and providing bullish momentum by the main indicators, to settle near 208.65.

We expect the trading within tight path that is represented by 209.15 barrier, while 208.20 forms extra support against the current trading, we recommend monitoring the price behavior and waiting for surpassing one of these levels, to detect the main trend in the upcoming trading. Where confirming the breaching will open the way for recording clear gains that might begin at 210.65 and 211.70, while breaking the support and holding below it will force it suffer extra losses that might extend towards 207.05.

The expected trading range for today is between 208.20 and 209.15

Trend forecast: Neutral

Platinum price began receiving bullish momentum due to stochastic rally above 50 level, accompanied by the moving average 55 attempt to form extra support by its stability below the current trading, to begin forming bullish waves and settle near $2090.00.

The attempt of forming extra support at $2020.00 level reinforces the chances of renewing the bullish attempts, to keep our bullish scenario that might target $2165.00 level soon, reaching near $2245.00 barrier.

The expected trading range for today is between $2020.00 and $2165.00

Trend forecast: Bullish