Natural gas price reached $5.660 level yesterday, however its failure to settle above $5.500 barrier pushed it to delay the bullish track and activate the attempts of profit taking, reaching $4.7500.

The price might be forced to provide sideways trading to confirm the importance of its stability above $4.550 level, to provide new opportunities for forming bullish waves to target $5.180 level, then repeating the pressure on $5.500 barrier.

The expected trading range for today is between $4.550 and $5.180

Trend forecast: Bullish

The EURJPY pair resumed the bullish trend after yesterday’s opening to notice breaching 185.90 resistance, reaching the extra target at 186.50, to settle below it.

The price might be forced to provide mixed trading but providing bullish momentum by the main indicators and forming initial main support at 185.45 level, makes us expect renewing the bullish attempts, attempting to surpass 186.65 level and reaching the next target at 187.20.

The expected trading range for today is between 185.80 and 186.65

Trend forecast: Bullish

The GBPJPY pair benefited from its stability within the bullish channel’s levels, forming strong bullish rally, achieving the waited target at 214.10, approaching the last peak at 214.30.

Despite the continuation of providing bullish momentum by the main indicators, waiting for surpassing the current peak and providing positive close is important to confirm moving to a new bullish station, to target 215.00 and 215.55.

The expected trading range for today is between 213.45 and 215.00

Trend forecast: Bullish

Platinum price didn’t get enough by reaching the target at $2602.00, to notice its sharp reaction with the positiveness of the main indicators and recording new historical gains by its rally towards $2689.50.

There is no escape from recording extra historical gains, to expect reaching $2710.00 and $2764.00, while its decline below $2460.00 and providing negative close will confirm the attempt to activate the profit-taking attempts by reaching towards $2410.00 and $2355.00 directly.

The expected trading range for today is between $2710.00 and $2600.00

Trend forecast: Bullish