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Natural gas price awaits the positive momentum – Analysis – 18-8-2023
Natural gas price ended the negative fluctuation by providing new close above 2.350 extended support, to confirm its continuous affection by the domination of the previously suggested bullish bias, noticing stochastic reach to the oversold areas, to hint the beginning of getting rid of the negative pressures, to provide chances to gain new positive momentum and active the bullish track in the near term and medium-term period.
We remind you that the first positive target is located near 3.100, which forms solid obstacle against the attempts to resume the bullish attack, while surpassing it might extend trades towards the next station at 3.550.
The expected trading range for today is between 2.500 and 2.850
The expected trend for today: Bullish
The EURJPY is forced to decline – Analysis – 18-8-2023
The EURJPY pair confirmed its affection by the domination of the correctional bearish bias due to the stability of 159.20 level and forming additional barrier against the recent positive attempts, while we expect to confine trades within sideways track represented by the mentioned barrier and the additional support at 157.10.
MoreThe GBPJPY gains some profits – Analysis – 18-8-2023
The GBPJPY pair surrendered to the strength of the additional resistance at 186.20, to force it to postpone the bullish attack and start gaining some profits by some correctional bearish wave to settle near 184.70.
MorePlatinum price keeps the negativity – Analysis – 18-8-2023
Platinum price still keeping the domination of the bearish bias, to notice the frequent fluctuation near 895.00 level, which increases the chances of breaching 878.00 obstacle that formed the first negative target recently.
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