Natural gas price kept its negative stability below $3.550 level, activating with the main indicators negativity by reaching $3.080, to approach the initial target.

Stochastic stability within the oversold level might force the price to form more negative trading, to target %66.8 Fibonacci correction level at $2.850, then monitor its behavior due to the importance of these levels to detect the expected trend in the near and medium period trading.

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

Trend forecast: Bearish

The EURJPY pair failed to breach the barrier near 185.55, forcing it to delay the bullish rally and activating the attempts of gathering gains by reaching below 184.85, to approach from %78.2 Fibonacci correction level at 184.10.

The contradiction between the main indicators confirms the dominance of the sideways bias, to keep providing mixed trading until gathering bullish momentum, to ease the mission of stepping above 184.85, then wait for targeting 185.50, we should note that the price decline below 184.10 and providing negative close will increase the efficiency of the bearish corrective track, to expect targeting the next support near 183.40.

The expected trading range for today is between 184.05 and 184.85

Trend forecast: Fluctuated within the bullish track

The GBPJPY pair surrendered to the stability of 214.20 barrier, which represents %2.00 Fibonacci extension level, forcing it to activate the attempts of gathering the gains, reaching 212.55, to test extra support level again.

Reminding you that the main stability within the bullish channel’s levels and the stability of the current support make us keep the bullish scenario, which might target 213.55 level, and surpassing it might make it approach the previously mentioned barrier, while the stability below 213.55 and facing extra negative pressure will increase the chances of activating the bearish corrective track, to reach 212.20 reaching the bullish channel’s support at 211.40.

The expected trading range for today is between 212.4 and 213.55

Trend forecast: Bullish

Platinum price affected by the negative data, which forces it to form some bearish corrective waves, attempting to retest extra support at $2330.00, then bounces directly to settle near $2315.00, to confirm the continuation of the bullish scenario.

The contradiction between the main indicators might force the price to provide mixed trading, but the repeated stability above the current support will reinforce the chances of targeting some bullish stations by its rally towards $2385.00 and $2440.00.

The expected trading range for today is between $2280.00 and $2440.00

Trend forecast: Bullish