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Natural gas price gains new positive momentum – Analysis – 22-10-2021
Natural gas price succeeded to gather the additional positive momentum due to stochastic approach from 80 level, to move away from the additional support at 4.880 and approach the neckline of the double bottom pattern at 5.205.
Surpassing the current barrier and activating the positive momentum allow us to expect the beginning of targeting new positive levels that might extend towards the moving average 55 at 5.340 followed by reaching the extended resistance at 5.610.
The expected trading range for today is between 5.100 and 5.340
The expected trend for today: Bullish
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Coffee price keeps the positivity – Analysis – 22-10-2021
Coffee contracts’ price repeated its stability within the bullish track by moving away from 181.65 support line, to notice recording some positive targets by touching 214.55 recently.
MoreThe European index rises slowly – Analysis – 22-10-2021
The European index was affected by intraday negativity due to stochastic attempt to exit the overbought areas, to form weak positive fluctuation and settle near 4190.00, reminding you that the stability of the bullish channel’s support line at 4025.00 and the stability of the moving average 55 below the current trades allow us to wait to gather the positive momentum to manage to continue the rise until reaching the main stations near 4245.00 followed by reaching the additional historical targets at 4305.00.
MoreThe EURJPY gets the negative momentum – Analysis – 22-10-2021
The EURJPY price started to get the negative momentum by stochastic exit from the overbought areas, to notice forming correctional bearish wave recently and reach 132.25, reminding you that the frequent stability below 133.60 barrier and the continuous negative momentum by the indicators support more negativity now, to expect crawling below 132.25 and reach 131.50 as a next target.
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