Natural gas price benefited from the extra positive momentum due to stochastic attempts to reach the overbought level by forming new bullish waves to settle near the initial corrective target.

The trading might extend in the near period towards $3.150, to attempt to press on $3.250 resistance, in order to find an exit for resuming the bullish attempts in the upcoming period trading, while the risk of activating the negative trend is represented by breaking the support at $2.620 and holding below it.

The expected trading range for today is between $2.850 and $3.150

Trend forecast: Bullish

The EURJPY pair didn’t move since Friday, however its negative stability below the main barrier at 185.50 level confirms the dominance of the previously suggested bearish trend.

Therefore, we will keep waiting for gathering extra negative momentum, to pave the way towards 184.10 level, to begin targeting extra negative stations by reaching 183.50 followed by the next target near 182.75.

The expected trading range for today is between 183.50 and 185.00

Trend forecast: Bearish

The GBPJPY pair continued forming repeated negative trading, to confirm its surrender to the previously suggested bearish scenario by reaching 211.20, to form sideways fluctuating due to the contradiction of the main indicators to settle near 211.65.

Note that the stability below 213.50 barrier confirms the trading confinement within the bearish track in the upcoming trading, therefore, we will keep waiting for gathering extra negative momentum, to ease the mission of targeting 211.00 level, to attack 210.45 support, forming confirmation key for the upcoming trading.

The expected trading range for today is between 210.45 and 212.30

Trend forecast: Bearish

Platinum price continued forming bearish corrective trading, affected by forming additional barrier at $2060.00 level, reaching the initial support at $1950.00, to achieve the previously suggested corrective target.

The continuation of the negative pressure, specifically by stochastic attempt to reach the oversold level, which might force the price to suffer extra losses by reaching 1910.00 followed by the next support at $1865.00, while breaching $2060.00 level, and holding above it will provide a chance for renewing the bullish attempts by its rally towards $2130.00.

The expected trading range for today is between $1910.00 and $2030.00 

Trend forecast: Bearish