Natural gas prices activated with stochastic positivity by forming new bullish wave, to approach from the main resistance at $3.190.

The upcoming scenario depends on the strength of the current resistance, its stability makes us expect forming sharp decline, to target $2.950 and $2.810 level, while breaching the resistance and holding above it will provide a chance for regaining the bullish bias, to begin recording several gains that might begin at $3.310.

The expected trading range for today is between $2.810 and $3.180

Trend forecast: Bearish

The EURJPY pair faced difficulty renewing the bullish attempts, affected by the strength of the barrier at 173.40, affected by the dominance of the sideways bias domination and its stability near172.70.

Despite the stability of the price within the bullish channel’s levels, the negative stability below the current barrier might help it to activate the bearish correctional track, to expect reaching 171.85 and 171.30, while the price success by breaching the barrier and holding above it will reinforce the chances for recording extra gains by its rally towards 174.20 reaching the next main target at 175.20 level.

The expected trading range for today is between 171.85 and 173.40

Trend forecast: Bearish

The GBPJPY pair formed more of the mixed sideways trading, due to its negative stability below the barrier at 200.40, announcing delaying the bullish attack in the current period, which increases the chances for activating the bearish correctional track, to expect attacking the support at 197.85, while breaking it will force it to suffer extra losses that might extend towards 197.20 reaching the next support at 197.85 and breaking it will force it to suffer extra losses that might extend to 197.20 reaching the next support at 196.20.

While the price success by breaching the barrier and holding above it will open the way for renewing the bullish attempts, to ease the way for achieving extra gains that might extend to 200.90 reaching 161.8%Fibonacci extension level at 202.45.

The expected trading range for today is between 197.85 and 199.80

Trend forecast: Bearish

Platinum price recorded some extra gains by its rally to $1440.00, but it neediness to the positive momentum pushed it to decline below the barrier at $1426.00, which forced it to provide mixed trading by its stability near $1400.00.

Reminding you that the attempt of forming extra support at $1383.00 level will confirm the trading’s confinement within the bullish track, to keep waiting for gathering the extra positive momentum, which allows it to confirm breaching the barrier and reaching extra stations at $1455.00 level and $1480.00.

The expected trading range for today is between $1390.00 and $1455.00

Trend forecast: Bullish