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Natural gas price delays the rise– Forecast today – 15-5-2025
Natural gas prices are forced to delay the bullish rally after suffering new negative pressures in today’s trading, by a stochastic decline to the oversold level, which forces it to break the initial support at $3.600 and hold near the next support at $3.440.
Continuing providing negative momentum by the main indicators might force the price to provide sideways trading, to keep waiting for the price rally again above $3.600 level, to confirm it regaining the bullish bias, by targeting $3.780 reaching to $3.910 level.
The expected trading range for today is between $3.380 and $3.600
Trend forecast: Sideways
The EURJPY approaches from the initial support– Forecast today – 15-5-2025
The EURJPY pair is affected by the negative pressures, due to its repeated stability below the resistance at 164.90, forming several bearish waves, approaching from the initial support at 163.35 level.
MoreThe GBPJPY delays the rise – Forecast today – 15-5-2025
The GBPJPY pair activated the bearish correctional track, due to its reach below 194.60 level, affected by stochastic exit from the overbought level, which forces it to suffer some losses by reaching 193.90.
MorePlatinum price receives the negative momentum– Forecast today – 15-5-2025
Platinum price began to receive negative momentum due to stochastic reach below 50 level, reinforcing the chances for activating the suggested negative attack, reminding you that the bearish scenario remains valid, depending on the continuation of forming extra barrier at $1005.00 level, to increase the chances for reaching the moving average 55 near $966.00, surpassing it will renew the pressure on the support at $950.00.
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