Natural gas price formed new bullish rally to attack 6.300 resistance line, settling below it, reminding you that the continuous fluctuation below this resistance will form strong motive to start the correctional bearish track that might target 5.600 initially.
On the other hand, succeeding to breach 6.307 and holding above it will open the way to resume the bullish attack, to target new positive levels that might start at 6.450 followed by reaching the psychological barrier at 7.000.
The expected trading range for today is between 6.300 and 5.240
The expected trend for today: Bearish
IBEX index opened today with strong positivity, taking advantage of the moving average 55 forming additional support at 8785.00, to notice recording positive targets by reaching 8931.00.
MoreNikkei index succeeded to break the additional support at 28450.00, to resume the negative attack and notice achieving new negative targets by reaching 27185.00.
MoreThe EURJPY price faced clear positive pressures yesterday by stochastic exit from the oversold level, which forces it to delay the negative attack, to approach from the bearish channel’s resistance at 129.60.
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