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.

To confirm the attempts of resuming the bullish attack, we recommend waiting for breaching the barrier and providing positive close above it, to increase the chances for recording extra gains that might extend to 174.25 reaching 1.809%Fibonacci extension level at 175.20, while the price failure to breach this level will force it to provide more of the sideways trading, and there is a new chance to decline towards 171.60.

The expected trading range for today is between 172.60 and 174.25

Trend forecast: Bullish

The 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.

The price success in breaching the current barrier and holding above it, will confirm its readiness to resume the main bullish attack, to expect its rally towards 201.55, then attempts to reach 161.8%Fibonacci extension level at 202.45.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish

Platinum 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.

The main stability within the bullish track depends on the stability of the support at $1340.00, besides providing positive momentum by the main indicators, make us wait for achieving the required breach, to open the way for recording extra gains that might begin at $1412.00 and $1435.00.

The expected trading range for today is between $1375.00 and $ 1412.00

Trend forecast: Bullish