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Natural Gas awaits the breach – Analysis – 19-10-2017
Despite the negative factors that agree the negative trading, but Natural gas price stability above the sideways range around 2.880 to block the previously expected negative release, while we recommend to stay neutral for now and monitor the price behavior until achieving the required break followed by waiting to record the main negative targets that start at 2.750 followed by 2.500.
We remind you that holding against the current negative trading will renew the sideways bias domination to push the price to repeat the sideways trading with chances of reaching the moving average 55 around 3.000.
Expected trading range for today is between 3.000 and 2.880
Expected trend for today: Neutral
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EURJPY faces positive pressures – Analysis – 19-10-2017
The EURJPY pair faced strong positive pressure yesterday to force the price to surpass 50% Fibonacci correction level around 132.15 and provide new positive close above 133.10, which contradicts with the correctional bearish attempts by attempting to regain the bullish bias again, but we need additional daily close above 132.15 to confirm the bullish release.
MoreGBPJPY attempts to regain the bullish attempts – Analysis – 19-10-2017
The GBPJPY pair showed weak negative trading by touching 146.80 level recently that formed the first correctional target, to repeat the bullish attempts by rallying above 149.10 level, while getting positive close above this barrier that represents 50% Fibonacci will confirm regaining the bullish bias to expect targeting 151.60 followed by pushing on the previously recorded top at 152.85.
MorePlatinum still stuck – Analysis – 19-10-2017
No news for Platinum price that remains stuck between the main levels represented by 910.00 support and 946.00 resistance, expecting to witness mixed sideways trading in the near term period until managing to surpass one of the mentioned levels.
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