Natural gas price attempts with new positivity – Analysis – 13-9-2023
Natural gas price took advantage of stochastic positive rally to notice forming new bullish wave yesterday and surpass the MA55 to settle near 2.750.
We recommend to wait to surpass 2.800 obstacle to open the way to activate the previously suggested bullish attack, reminding you that the initial targets are located near 3.100 and 3.500.
The expected trading range for today is between 2.650 and 3.000
The expected trend for today: Bullish
The EURJPY begins the positive rally – Analysis – 13-9-2023
The EURJPY pair confirmed keeping the domination of the bullish bias by moving away from the additional support 157.00, to notice recording the first suggested target at 158.55.
The above chart shows stochastic approach to 80 level, to increase the positive pressures and ease the mission of resuming achieving the positive targets, to expect moving towards 159.00 followed attempting to press on 159.60 obstacle.
The expected trading range for today is between 157.90 and 159.00
The expected trend for today: Bullish
The GBPJPY keeps the bullish track – Analysis – 13-9-2023
No change to the GBPJPY pair’s bullish track as it provides new positive close above the minor bullish channel’s support at 182.80, to notice the beginning of recording some gains by reaching 184.15, to approach the first suggested target.
Note that stochastic positive momentum will increase the efficiency of the bullish track, to keep waiting to achieve clear targets in the near term and medium term period by moving towards 185.30 and 186.00.
The expected trading range for today is between 183.70 and 185.00
The expected trend for today: Bullish
Platinum price awaits the additional negative momentum – Analysis – 13-9-2023
Platinum price provided some temporary sideways trades recently by consolidating near 910.00, affected by stochastic exit from the oversold areas, to force it to postpone the previously suggested negative attack.
On the other hand, the MA55 continuous fluctuation near the additional barrier 950.00 confirms confining trades within the bearish track, to keep waiting to gather the negative momentum and ease the mission of reaching the main negative stations that might start at 880.00 and 855.00.
The expected trading range for today is between 920.00 and 880.00
The expected trend for today: Bearish