Natural gas price remains surrounded by strong factors that are represented by stability below the resistance of $3.350 besides forming extra barrier at $3.200 level, to confirm its surrender to the previously suggested bearish scenario.
The fluctuation near $2.880 level is caused by the attempt of gathering the required negative momentum to confirm breaking the barrier at $2.820, to ease the mission of resuming the bearish trend by reaching $2.620, where breaking it will confirm its move to a new negative station, to expect forming extra target at $2.620 support.
The expected trading range for today is between $2.620 and $3.100
Trend forecast: Bearish
No news about the EURJPY pair’s price since Friday’s trading, due to its fluctuation near 186.65 barrier, which represents an intraday obstacle against the attempts to resume the main bullish trend.
MoreThe GBPJPY pair continued forming sideways trading, to notice its continued fluctuations near 218.40 level without recording any new positive target due to the contradiction between its stability below 218.65 barriers against the attempt of providing positive momentum by the main indicators, specifically by stochastic reach to 80 level.
MorePlatinum price kept its stability within the bearish trend, depending on the continuation of forming extra barrier at $1695.00, reaching $1566.00 level in Friday’s trading, approaching the suggested initial target in the previous report.
More