The price of gold declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought on relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to resume its gains, amid the continuation of the positive support due to its trading above EMA50, with its trading alongside minor bullish trend line on short-term basis.

The price of EURUSD declined in its last intraday trading, due to the stability of the resistance at 1.1835 resistance level, affected by reaching EMA50’s resistance, which put it under intensive negative pressure, especially with the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought levels on relative strength indicators, indicating the beginning of negative divergence that might increase the negative pressure on the price.

No change on CHFJPY’s price track until this moment, due to its stability above the support of the bullish channel’s support near 198.65, besides the attempts of the main indicators to provide bullish momentum, fluctuating near199.90 level.

We expect the continuation of gathering bullish momentum by forming bullish waves, attempting to reach 200.50, to extend the trading towards facing %61.8 Fibonacci corrective level at 201,25, which represents confirmation key for the main trend on the medium-term trading.

The expected trading range for today is between 0.5630 and 0.5720

Trend forecast: Bullish

Natural gas price began receiving bullish momentum due to stochastic rally above 50 level, which allows it to settle above the bullish channel’s support at $3.000 level, forming some bullish waves by its stability near $3.190.

Note that surpassing $3.520 is important to reinforce the dominance of the bullish trend, to open the way for recording several gains, which make $3.750 level forms the main initial target, while the price decline below the main support and providing negative close will confirm its move to bearish path, to expect suffering several losses by reaching $2.850 and $2.660 initially.

The expected trading range for today is between $3.050 and $3.450

Trend forecast: Bullish