Natural gas price surrendered to the domination of the bearish bias, to notice crawling below 8.110 level recently and suffer some losses by reaching 7.820, noticing stochastic crawl below 50 to increase the negative pressures and allow us to suggest more negative attempts that target 7.550 level initially, while breaking this obstacle will push the price towards 7.050 as a next negative target.
The expected trading range for today is between 8.100 and 7.550
The expected trend for today: Bearish
Hang Seng index succeeded to stop the negative bleeding by facing key support at 19355 that forms 61.8% Fibonacci correction level, to rebound upwards towards 20020.
Also, stochastic rally above 50 will provide the price with new positive momentum to assist to renew the correctional attempts, allowing us to wait to move towards 20470 followed by trying to touch the moving average 55 at 21200.
The expected trading range for today is between 19750 and 20400
The expected trend for today: Bullish
The EURJPY pair succeeded to get rid of the domination of the sideways bias to notice surpassing 136.65 obstacle and resume the bullish rally by moving towards the first positive targe tat 137.60.
Stochastic attempt to provide the positive momentum by settling above 20 level will increase the chances of forming strong bullish rally, which allows us to wait to reach 138.55 followed by repeating the pressure on 23.6% Fibonacci correction level at 139.65.
The expected trading range for today is between 136.80 and 138.55
The expected trend for today: Bullish
The GBPJPY pair took advantage of the positive momentum coming by the major indicators to notice forming new bullish rally recently, approaching 163.45 barrier, to achieve the first suggested target in our previous report.
The stability within the bullish channel and facing continuous positive pressures allow us to expected surpassing the current barrier, to open the way to record many positive targets near 164.05 and 164.75.
The expected trading range for today is between 162.90 and 164.05
The expected trend for today: Bullish