Natural gas price faces historical barrier – Analysis – 4-10-2021

Nikkei index reacted to stochastic negativity recently, to notice forming strong negative attack and achieve many negative targets by reaching 29200.00, noticing that the moving average 55 forms additional barrier near 28760.00 to increase the negative pressures on the price, waiting to touch 28100.00 support line to form the next negative target of the bearish bias.

The Australian index started to form new positive trades after facing the additional support at 7125.00, to rally positively towards 7290.00and face the moving average 55, while resuming the bullish attempts needs a breach to the current barrier to open the way to reach new positive stations that might start at 7345.00 followed by 7405.00 as an expected positive target for the bullish trades.

The EURJPY price formed strong negative trades after confirming regaining the bearish bias by settling below the bearish channel’s resistance at 129.65, to notice its stability near 128.70 level, also, stochastic attempt to crawl towards the oversold areas will increase the negative pressures and confirm the continuation of the negativity, to keep waiting to attack the next support 128.05 in order to find a way to resume the negative attack.