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Natural gas price awaits the additional momentum – Analysis – 23-2-2023
Natural gas price started to form sideways waves after facing the psychological barrier at 2.000, while the main stability within the bearish channel and 2.800 level forming additional barrier allow us to wait to gather the additional negative momentum to ease the mission of breaking the current support and reach the additional targets near 1.650 followed by reaching the bearish channel’s support line at 1.450.
The expected trading range for today is between 2.450 and 1.650
The expected trend for today: Bearish
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The EURJPY provides sideways trades – Analysis – 23-2-2023
The EURJPY pair failed to surpass 144.10 to force it to postpone the bullish attack and provide temporary sideways fluctuation near 143.20, noting that stochastic continues to provide the negative momentum to force the price to provide some correctional bearish rebound and target 142.50 followed by reaching the moving average 55 at 141.90.
MoreThe GBPJPY holds above the moving average – Analysis – 23-2-2023
The GBPJPY pair still consolidated within the correctional bullish track until this moment by leaning above the moving average 55, forming new additional support at 162.00, expecting to start forming bullish waves soon to repeat the pressure on 163.70 level, which surpassing it will open the way to reach the additional positive stations at 164.00 and 165.00.
MorePlatinum price settles below the barrier – Analysis – 23-2-2023
No change to platinum price negative track until this moment by consolidating below 965.00 barrier, while the price needs to gather the negative momentum again to manage to activate the bearish track, expecting to crawl towards 935.00 soon, followed by attempting to crawl below the additional support at 925.00 in order to reinforce the domination of the negative trades for the upcoming period.
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