Natural gas price gathers its strengths – Forecast today – 12-2-2025
Natural gas price touched 3.592$ level yesterday followed by forming temporary negative rebound towards 3.520$ in order to gather the additional positive momentum to confirm the continuation of the previously suggested positivity.
Forming additional support at 3.400$ and stochastic reach to the overbought areas will increase the efficiency of the bullish track, to keep waiting to touch the target at 3.620$ soon, while surpassing it will push the price to test 3.750$ resistance line.
The expected trading range for today is between 3.450$ and 3.620$
Trend forecast: Bullish
The EURJPY surpasses the positive targets – Forecast today – 12-2-2025
The EURJPY pair confirmed regaining the bullish bias by surpassing 157.25 level, recording many gains by settling near 159.20 now.
We expect to form additional support at 157.25 and get the positive momentum by stochastic to form new bullish rally and attempt to press on 160.20 obstacle that will form the next target for the bullish trades.
The expected trading range for today is between 157.80 and 160.20
Trend forecast: Bullish
The GBPJPY achieves big gains – Forecast today – 12-2-2025
The GBPJPY pair succeeded to activate the bullish track, taking advantage of the stability of the major support at 187.00 to form many bullish waves by reaching the previously targeted barrier at 189.50.
Also, resuming the bullish attack this morning and recording additional gains by reaching 191.25 confirm its regain to the bullish bias, to expect getting positive momentum by stochastic to reach 192.30 level soon, followed by attempting to test the MA55 at 193.55.
The expected trading range for today is between 189.70 and 192.30
Trend forecast: Bullish
Platinum price forms minor bullish channel – Forecast today – 12-2-2025
Despite platinum price recent weak trades, forming minor bullish channel and its support line at 963.00$ stability allow us to keep the bullish overview that might target 1015.00$ level that represents the extension of the minor bullish channel’s resistance line, in addition to its consolidation near 61.8% Fibonacci correction level.
The risks of changing the bullish trend will appear in case the price formed strong decline below 950.00$ level, to confirm moving to the negative track and start targeting many negative stations by moving towards 936.00$ and 920.00$ levels.
The expected trading range for today is between 970.00$ and 1015.00$
Trend forecast: Bullish