Natural gas price repeated forming weak sideways trades until this moment, attempting to face the negative pressures caused by the main stability below the bearish channel’s resistance at 2.900, in addition to getting positive momentum by the major indicators, taking advantage of the stability of the additional support at 1.950.

Note that stochastic reach to the oversold areas might decrease the negative pressures, to provide chances to gain the positive momentum and allow the price to renew the correctional bullish attempts that might target the bearish channel’s resistance followed by monitoring the price behavior to manage to confirm the next main trend.

The expected trading range for today is between 2.250 and 2.800

The expected trend for today: Bullish

The EURJPY pair formed minor bullish channel recently to reinforce the chances of resuming the previously suggested correctional bullish attempts, while the lack of the positive momentum led to form negative wave and approach 148.85 support line that forms the key to confirm the expected trend for the near term and medium term trades.

Succeeding to hold above the mentioned bullish channel’s support line will allow the price to face the negative pressures to provide chances to gather the additional positive momentum followed by extending trades towards 150.60 and 151.60 levels.

The expected trading range for today is between 149.10 and 150.50

The expected trend for today: Bullish

The GBPJPY pair started to form some correctional negative fluctuation after achieving 174.25 level, affected by stochastic attempt to exit the overbought areas, to force it to suffer intraday losses and settle near 173.10.

We expect to form more temporary negative attempts to test the additional support near 172.50 followed by attempting to gather the positive momentum to manage to activate the bullish track again and reach the next main target at 174.75.

The expected trading range for today is between 172.50 and 173.80

The expected trend for today: Bullish

Platinum price confirmed its affection by the stability of the additional barrier 1040.00 by forming new bearish wave and settling below the MA55, to approach the first additional target at 1000.00.

We expect to get more negative momentum by the major indicators to resume the negative attempts and wait to move towards 985.00 followed by reaching the first main target at 965.00.

The expected trading range for today is between 1025.00

The expected trend for today: Bearish