Natural gas prices took advantage of the negative pressures that come from providing negative momentum by the main indicators, reaching below $3.050 yesterday, to begin recording some negative targets by reaching $2.920.
The continuation of the negative pressure on the price will increase the chances of attacking $2.820 level, confirming the importance of breaking it to open the way for resuming the negative attack by target the previously achieved bottom at $2.640
The expected trading range for today is between $2.820 and $3.000
Trend forecast: Bearish
The EURJPY pair succeeded in facing stochastic negativity by its stability above 172.00 level yesterday, to form some of the bullish waves to approach from the barrier at 173.50, forming an obstacle against the attempts of resuming the bullish attack.
MoreThe GBPJPY pair provided slow trading in the last period, affected by the contradiction between the main indicators’ positivity and its negative stability below 200.40 barrier, the negative stability supports activating the bearish correctional track in the near period trading, attempting to target some of the negative stations by its decline to 198.60 reaching the extra support at 197.85.
MorePlatinum price ended its last attempts of breaching the barrier at $1400.00 with clear failure, to keep forming mixed trading as appears in the above image.
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