Natural gas prices activated with positive pressures by opening today’s trading with bullish price gap, surpassing $5.500 barrier, to record big gains by hitting $6.300 level.

We expect to form new extra support to reinforce the chances of resuming the bullish trend, to expect to reach $6.430, then attempt to reach the next main target at $6.760.

The expected trading range for today is between $5.950 and $6.430

Trend forecast: Bullish

The EURJPY pair ended Friday’s trading by providing negative close below 186.00 resistance, which forces it to activate the bearish corrective track, reaching 182.65 support, attempting to find an exit to resume the profit-taking.

Our negative suggestion will depend on forming strong obstacle by 184.00 level against the current trading, providing negative momentum will reinforce the chances of targeting new corrective stations that might begin at 182.00 and 181.65.

The expected trading range for today is between 181.65 and 183.50

Trend forecast: Bearish

The GBPJPY pair approached from the main target at 215.00 level, forming strong barrier against the attempt of resuming the bullish attack, to force it form strong corrective decline, to resume forming bearish price gap this morning, to settle below the bullish channel’s support at 210.95 level.

The stability below the broken support and providing bearish momentum by the main indicators will confirm the dominance of the bearish bias, to expect suffering extra losses by reaching 209.65 followed by %200 Fibonacci extension level at 208.50.

The expected trading range for today is between 209.65 and 210.80

Trend forecast: Bearish by the stability of 211.00

Platinum price kept forming strong bullish waves since Friday, taking advantage of its stability above $2465.00 resistance, surpassing the previously suggested targets, to settle near $2865.00 level.

Note that forming new extra support at $2710.00 level and the continuation of providing bullish momentum by the main indicators, which will reinforce the chances of resuming the rise in the current period, to expect forming initial extra target at $2955.00 level reaching %300 Fibonacci extension level at $3065.00. 

The expected trading range for today is between $2720.00 and $2955.00

Trend forecast: Bullish