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Natural Gas prepares to resume the bullish attack – Analysis – 22-1-2018
Natural gas price confirmed the affection by the bullish bias domination due to providing new positive close above 3.050 level and settles above 3.260 as appears on the chart, while stochastic forming for new positive wave assists to renew the bullish attempts, waiting to achieve the next main target at 3.380 followed by monitoring the price behavior due to this level importance to detect the main trend for the upcoming period.
We remind you that the continuation of the positive pressures might force the price to breach the targeted level and reinforce the domination of the bullish bias for the upcoming trading, expecting to rally towards 3.550 that forms the next positive station of the bullish bias.
Expected trading range for today is between 3.150 and 3.380
Expected trend for today: Bullish
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Copper affected the indicators’ contradiction – Analysis – 22-1-2018
To contradiction between the major indicators continued to force Copper price to show additional sideways trading by fluctuating around the initial support 3.2000, while the stability of the current support line will keep the bullish overview valid until this moment, waiting to gather the required momentum followed by reaching the first positive target at 3.4400.
MorePlatinum keeps the positivity – Analysis – 22-1-2018
Platinum price resisted the negative pressures recently by showing clear stability around 1010.00 level, to confirm keeping the expected bullish bias domination, noticing its approach from the previously recorded top at 1020.00, noting that breaching this level will allow the price to achieve more targets in the near term and medium term period by rallying towards 1040.00 followed by 1085.00 levels.
MoreGBPJPY is slow – Analysis – 22-1-2018
The GBPJPY pair was forced to provide slow sideways trading recently despite its consolidation within the bullish channel, affected by stochastic exit from the overbought areas, which confirms the domination of the sideways bias for the near term period until gathering new positive momentum followed by repeating the attempts to reach the next positive target at 155.90.
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