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Natural gas price enters new lethargy – Analysis – 31-7-2023

Economies.com
2023-07-31 05:25AM UTC

Natural gas price entered new lethargy due to the frequent sideways fluctuation between the additional support 2.550 and 2.750 resistance that forms obstacle against the previously suggested bullish rally.

 

Also, the major indicators contradict, to support the domination of the sideways bias, to recommend staying neutral and waiting to surpass one of the major levels to manage to detect the next targets.

 

The expected trading range for today is between 2.750 and 2.550

 

The expected trend for today: Neutral

The EURJPY covers all the losses – Analysis – 31-7-2023

Economies.com
2023-07-31 05:23AM UTC

The EURJPY pair succeeded to cover all the recent losses by forming new bullish rally and surpass 154.45 level to settle within the bullish track, to start recording some gains by reaching 156.20.

 

Now, the positive momentum coming by the major indicators will increase the chances of resuming the bullish attempts, to expect targeting many stations that might start at 156.70 followed by pressing on 157.40 obstacle in order to find a way to resume the bullish attack in the upcoming period.

 

The expected trading range for today is between 155.30 and 156.70

 

The expected trend for today: Bullish

The GBPJPY returns to the bullish track – Analysis – 31-7-2023

Economies.com
2023-07-31 05:23AM UTC

The GBPJPY pair got rid of the negative pressures by rallying above 179.35 level, to settle within the bullish channel and notice achieving some gains by reaching 182.35.

 

The price has no escape from resuming the bullish track, due to the major indicators that agree to provide the positive momentum, to expect targeting 183.55 level soon, while surpassing it might extend trades towards 184.80, to form the next main target for the bullish trades.

 

The expected trading range for today is between 181.60 and 183.50

 

The expected trend for today: Bullish

Platinum price under the negative pressures – Analysis – 31-7-2023

Economies.com
2023-07-31 05:22AM UTC

Platinum price still affected by the negative pressures, represented by the continuous consolidation below the key resistance at 985.00 in addition to the MA55 move near this resistance to confirm confining trades within the negative track until this moment.

 

The above chart shows stochastic attempt to provide the additional negative momentum to increase the chances of renewing the pressure on 920.00 level to expect breaking the support to start targeting new negative stations that might extend towards 878.00 followed by reaching 855.00 in the near-term period.

 

The expected trading range for today is between 950.00 and 878.00

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Natural Gas today?

The price of Natural Gas is $3.5650 (2025-07-20 07:14AM UTC)