Natural gas price faced strong negative pressures yesterday to force it to form negative attack and settle below the bullish channel’s support line at 3.650$, suffering big losses by reaching 3.440$.

Note that the continuous fluctuation below the broken support and stochastic negative momentum signals allow us to suggest more negative attempts that might target 3.330$ and 3.1900$ levels.

The expected trading range for today is between 3.330$ and 3.600$

Trend forecast: Bearish

The EURJPY pair failed to record any new positive target due to the continuous fluctuation below the additional resistance at 163.25, to notice forming mixed trades now by crawling towards 161.90 followed by settling near the MA55.

We expect to confine trades between the mentioned resistance and the additional support at 161.80, to stay neutral and wait to surpass one of the mentioned levels to manage to detect the next near-term and medium-term trend.

The expected trading range for today is between 161.80 and 163.25

Trend forecast: Neutral

The GBPJPY pair touched the second positive target at 193.65 this morning, to form sold obstacle against the bullish attempts and notice forming quick negative rebound to approach the additional support at 191.80.

The stability of the current support line allows us to keep the bullish overview, waiting to gather the positive momentum again to manage to renew the pressure on 193.65 level followed by attempting to test 194.30 resistance line.

The expected trading range for today is between 192.00 and 194.30

Trend forecast: Bullish

Platinum price stared today with strong positivity due to the rally above 955.00$ barrier, to hint its preparation to renew the bullish attempts again.

We assure the importance of providing positive close above the breached barrier to manage to react to stochastic positivity and target the positive stations by moving towards 983.00$ followed by 1005.00$ levels.

The expected trading range for today is between 950.00$ and 983.00$

Trend forecast: Bullish