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Natural gas price ends the negative attack– Forecast today – 16-1-2026
Natural gas price reached 61.8%Fibonacci correction level at $3.020, bouncing directly towards $3.160, attempting to surpass the negative pressure and attempt to build bullish corrective track due to stochastic reach towards the oversold level.
To confirm the chances of activating the bullish attempts requires holding above %66.8 Fibonacci correction level at $2.850 level, providing a chance for pressing the barrier at $3.500, and surpassing it will provide a chance to record several gains by its rally towards $3.770 and $3.950.
The expected trading range for today is between $3.050 and $3.500
Trend forecast: Bullish
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The EURJPY resumes the corrective decline– Forecast today – 16-1-2026
The EURJPY pair confirmed its surrender to the bearish corrective bias by reaching below 184.10 level, reaching the next target in the previous report at 183.40, to form a strong obstacle against the negative attempts.
MoreThe GBPJPY reaches the support of the bullish channel– Forecast today – 16-1-2026
The GBPJPY pair faced strong bearish pressures yesterday, which forced it to break extra support at 212.55, to reach the main bullish channel’s support at 211.50, which forms a detecting key for the main trend in the upcoming trading.
MorePlatinum price records the targets– Forecast today – 16-1-2026
Platinum price continued forming strong bullish waves yesterday, to record the suggested targets in the previous report by hitting $2435.00 level, but its neediness to bullish momentum that pushed it to form new corrective rebound to settle near $2330.00.
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