Natural gas price attempted to resist the negative pressures by ending the negative trading after testing the bullish channel’s support to $3.880, forming a positive rebound by its stability near $4.080.
We couldn’t confirm regaining the bullish attempts unless breaching the barrier at $4.200 and providing positive close above it, therefore, we expect providing mixed trading and there is a chance for providing new pressures on the main support, while breaching the barrier and holding above will provide strong chance to begin achieving several gains, to expect its rally initially towards $4.510.
The expected trading range for today is between $3.900 and $4.200
Trend forecast: Bearish
The EURJPY pair took advantage of its positive stability above 181.70 level, activating with stochastic positivity and achieving several gains by reaching 182.85.
Note that surpassing 183.20 level for today is important to confirm its move to a new bullish phase, to begin recording more gains by its rally to 183.60 reaching the next main target near 184.10.
The expected trading range for today is between 182.45 and 183.60
Trend forecast: Bullish
The GBPJPY pair closes yesterday’s trading by forming several bullish waves, to surpass the temporary sideways at 208.10 level, and achieving some gains by hitting 208.40 level requires providing new positive close above the previously breached, to confirm its readiness to form new bullish attack to target 208.70 level then attempt to press on the resistance of the bullish channel at 209.25.
Note that the failure of holding above 208.10 will turn the price to settle within the sideways trend, to expect providing mixed trading and there is a chance for retesting extra support at 206.90.
The expected trading range for today is between 207.65 and 208.70
Trend forecast: Bullish
Platinum price succeeded in forming a new bullish rally this morning, achieving the previously suggested main target by reaching $1973.00, facing a %161.8 Fibonacci extension level which forms strong barrier against bullish trading.
The stability of the trading below this barrier might activate the attempts of gathering some gains, to reach $1900.00 then attempts to test the extra support at $1860.00, while breaching the barrier and holding above it will ease the mission of recording new historical gains that might extend towards 2000.00 psychological barrier.
The expected trading range for today is between $1890.00 and $1970.00
Trend forecast: Fluctuated within the bullish track