Natural Gas Price Analysis

Expected Scenario

• Natural gas price continued forming bullish trading, approaching the second extra target at 3.200$ level, affected by the positive factors that are represented by the main stability above the support level at 2.880$, besides the continuation of the positive momentum that comes from the main indicators.
• The price might be forced to form some sideways trading until its success in surpassing the 3.200$ level, to open the way for resuming the gains, to expect forming the next main target at 3.500$ level in the current period trading.

Expected Trading Range

Between 3.030$ support and 3.330$ resistance.

EURJPY Price Analysis

Expected Scenario

• In spite of the stability of the EURJPY pair within the bullish channel levels, its neediness to the positive momentum pushed it to provide mixed trading without recording any new positive target, to settle near 168.90 as appears in the above image.
• Note that the stability of the main support of the bullish channel near 167.10, and the attempt of the price to settle above 168.60 will increase the chances for activating the bullish attempts, to wait for targeting 169.45 level, and surpassing it will open the way for recording extra gains that might extend towards 169.85 and 170.70.

Expected Trading Range

Between 168.50 support and 169.85 resistance.

GBPJPY Price Analysis

Expected Scenario

• The GBPJPY pair began forming new bullish waves, confirming its affection by the suggested bullish bias domination, to notice its stability near 200.45 approaching from the initial barrier at 200.70 level.
• Reminding you that the bullish track will remain depending on 198.50 level to form the initial main support, besides the continuation of providing positive momentum that will increase the chances for surpassing 200.70 level, to open the way towards recording extra gains that might begin at 201.35 and 201.80.

Expected Trading Range

Between 199.60 support and 201.35 resistance.

Platinum Price Analysis

Expected Scenario

• Platinum price ended yesterday’s trading by facing the support at 948.00$, to form a clear obstacle against the negative attack, to notice its fluctuation near the moving average 55 at 960.00$.
• We expect the affection of the fluctuation for today, note that its repeated stability below 983.00$ will assist renewing the negative attempts, which might target 920.00$ level, while the price rally above 983.00$ will confirm its activation to the bullish correctional track, to wait for targeting 1005.00$ and 1015.00$ before reaching any new negative target.

Expected Trading Range

Between 980.00$ support and 948.00$ resistance.