Natural gas price formed temporary sideways trades to keep its stability near 2.500 level without recording any new negative target, affected by stochastic exit from the oversold areas.

We expect to form mixed trades, while the frequent stability within the bearish channel and forming continuous barrier at 3.500 allow us to wait to gather the additional negative momentum to ease the mission of resuming the decline and reach the next negative target at 2.100.

The expected trading range for today is between 2.900 and 2.200

The expected trend for today: Bearish

IBEX index faced strong positive pressures recently to notice breaching the bearish channel’s resistance at 8960 and start achieving some positive gains by reaching 9280, expecting to continue providing positive closings above 9000 and getting positive momentum by the major indicators to reach new positive stations that might start at 9450 and 9630.

The expected trading range for today is between 9060 and 9400

The expected trend for today: Bullish

The EURJPY pair repeated the consolidation above the moving average 55 to move away from the additional support 140.25, and confirm its surrender to the domination of the previously suggested correctional bullish bias.

Now, stochastic attempt to provide the positive momentum allows us to expect renewing the bullish attempts to press on 142.80 level, while surpassing it might target 143.60 followed by 144.00 levels direct.

The expected trading range for today is between 141.50 and 142.80

The expected trend for today: Bullish

Despite the GBPJPY pair’s correctional rally towards 159.90, that won’t affect the main bearish track, to notice the attempt to form new negative fluctuation and consolidating near 158.80.

We expect to attempt to form additional barrier at 160.30 and gathering the additional negative momentum to form strong bearish waves that might push it to reach 157.30 and 156.65.

The expected trading range for today is between 160.00 and 158.20

The expected trend for today: Bearish