Natural gas price formed sideways trading yesterday by its stability near $4.080 level, attempting to catch its breath and gathering extra positive momentum to confirm the dominance of the bullish scenario by targeting $4.215 level, reaching the bullish channel’s resistance at $4.300.

The risk of activating the bearish corrective path lies in breaking the extra support at $3.830, which forces it to suffer some losses by reaching $3.740 and $3.550 before any attempt to record the previously suggested extra targets. 

The expected trading range for today is between $4.050 and $4.300

Trend forecast: Bullish

The EURJPY pair continued forming positive trading, taking advantage of the stability above the extra support at 175.25, noticing its approach from the initial positive target at 177.05.

The continuation of providing positive momentum by the main indicators makes us expect breaching 177.05 level, and holding above it will ease the mission of recording extra gains by its rally towards the top at 177.85 reaching extra target near 178.60.

The expected trading range for today is between 176.25 and 177.85

Trend forecast: Bullish

The GBPJPY pair ended yesterday’s trading by providing new positive close above the support level at 201.70, to notice its rally to the upside directly to settle near 203.35, confirming its readiness to resume the previously expected bullish trend.

The continuation of providing positive momentum by the main indicators makes us expect to attack the barrier at 203.95 and surpassing it will open the way for recording extra gains that might begin at 204.60 reaching the next main target near 205.25.

The expected trading range for today is between 202.45 and 203.95

Trend forecast: Bullish

Platinum price ended the bearish corrective attack by targeting $1490.00 level, to form strong bullish rebound by its rally towards $1633.00, attempting to reduce the effect of the intraday bearish pressure on the current period.

We couldn’t confirm activating the positive track until providing new positive close above$1605.00 to ease the mission of targeting some positive stations that are located near $1665.00 and $1695.00, while the decline below $1605.00 will force the price to form new bearish waves, attempting to reach $1525.00.

The expected trading range for today is between $1570.00 and $1665.00

Trend forecast: Fluctuated within the bullish track.