Natural gas price resumed the attempts of gathering gains by forming new bearish correctional waves by reaching below the extra support at $3.830, reaching below the moving average 55 near 100%Fibonacci correctional level at $3.620.
The price remains until this moment, settled with buying levels that depend on forming a new support base at the $3.480 level, therefore, we will keep waiting to gather positive momentum that will allow it to form bullish waves, to target $3.830 and $3.950 levels.
The expected trading range for today is between $3.580 and $3.830
Trend forecast: Bullish
The EURJPY pair continued the rise to reach the resistance of the targeted bullish channel’s resistance at 169.70 level, which explains the direct correctional rebound towards 168.80, despite the attempts of providing mixed sideways trading, and there is a chance to activate the attempts of gathering gains by reaching 168.05.
While the price success in breaching the resistance and providing a positive close above it, will confirm its move to a new positive station, to begin recording new gains by its rally to 170.40 initially reaching the next barrier near 171.60.
The expected trading range for today is between 168.30 and 169.80
Trend forecast: Fluctuated within the bullish track
The GBPJPY pair took advantage of the main stability within the bullish channel’s levels and the unionism of providing positive momentum by the main indicators, by achieving the initial extra target at 198.00 yesterday, which forms a temporary rebound to gather some of the gains before resuming the bullish attack.
The stability of the support level at 195.75 and stochastic attempt to reach the overbought level, these factors assist to confirm the positivity of this day, to expect reaching the next target at 198.80 to face 66.8%Fibonacci correction level that appears in the above image.
The expected trading range for today is between 196.65 and 198.80
Trend forecast: Bullish
Platinum price confirmed the bullish attempts by holding above the extra support at $1225.00, forming some positive trading and achieving the target at $1300.00.
The price needs a new positive momentum, to ease the mission of surpassing $1300.00 level, and begin targeting the positive stations near $1322.00 reaching $1365.00 in the medium period trading, while the price decline below the mentioned extra support, which will confirm its readiness to activate the bearish correction track, which forces it to suffer new losses that begin at $1210.00 and $1187.00.
The expected trading range for today is between $1265.00 and $1320.00
Trend forecast: Bullish