Natural gas prices failed to resume the bullish attack yesterday by facing the barrier near $3.640, forcing it to provide new negative trading, suffering clear losses by its stability near $3.385 as appears in the above image.

Note that the main indicators unification by providing negative momentum by stochastic attempt to reach the oversold level might increase the negative pressures on the current trading, which forces it to suffer more of the losses by reaching $3.190, while activating the bullish track will remain valid depending on breaching the mentioned barrier.

The expected trading range for today is between $3.190 and $3.520

Trend forecast: Bearish

The EURJPY pair kept its stability below the bearish channel’s resistance at 163.25, to confirm its surrender to the suggested bearish scenario by reaching 162.50, stochastic attempt to exit the overbought level will provide the required negative momentum to motivate the negative trading, which might target 161.30 level reaching the next target at 160.35 level.

Note that the price success to breach the resistance and holding above it will confirm its move to the bullish track, to begin preferring the bullish scenario, which might target 164.00 and 164.75 level.

The expected trading range for today is between 161.30 and 162.85

Trend forecast: Bearish

No change for the GBPJPY pair’s track by its repeated stability below the resistance at 189.85, waiting for gathering negative momentum that allows it to activate the bearish attack by reaching below 38.2%Fibonacci correction level at 187.85, to repeat the pressure on the obstacle at 186.50.

Note that breaching the current resistance and holding above it, so that will confirm the decline of the current trading, to expect achieving several gains by its rally to 190.50 initially, reaching the extra barrier at 191.55.

The expected trading range for today is between 187.85 and 189.45

Trend forecast: Bearish

Platinum price formed a new bullish rally achieving $958.00 level, then rebound directly to settle near the barrier at $950.00 level, affected by the continuation of the contradiction between the main indicators.

The price might be forced to form mixed sideways trading, but the main stability above the support level at $920.00 represents a main factor that motivates the bullish trading, reminding you that the main targets settled near $966,00, and surpassing it will confirm regaining the main bullish bias, by its stability within the bullish channel’s levels that appear in the above image.

The expected trading range for today is between $940,00 and $966.00

Trend forecast: Bullish