Natural gas price kept the bullish scenario by settling above the MA55 recently, to notice the frequent fluctuation near the first positive target at 3.430$, taking advantage of stochastic positive momentum signals.

We expect to form new bullish waves to attempt to reach the next target at 3.530$ followed by waiting the next close to manage to detect the medium-term targets.

The expected trading range for today is between 3.350$ and 3.530$

Trend forecast: Bullish

The EURJPY pair continue to form negative trades by crawling below 157.25 recently, to notice surpassing the negative target at 156.20 and suffering additional losses by touching 155.60 this morning.

The correctional bullish rebound towards 156.65 won’t affect the main bearish track that depends on 160.25 level forming the major barrier, also, the major indicators continue to provide the negative momentum to force the price to form new negative waves and target 155.10 followed by reaching the historical support at 154.40.

The expected trading range for today is between 155.10 and 157.30

Trend forecast: Bearish

The GBPJPY pair touched the positive target at 189.50 on last Friday, to form solid barrier against the bullish attempts and provide new negative attack to attack the major support by reaching 187.10 followed by bouncing this morning towards 188.20.

The above chart shows stochastic crawl towards the oversold areas to increase the negative pressures on the price and expect renewing the pressure on the support line again, followed by moving to new negative level to target 186.40 followed by reaching 184.90 on the medium term basis.

The expected trading range for today is between 187.10 and 188.50

Trend forecast: Bearish

Platinum price returned to fluctuate below 983.00$ barrier due to stochastic negative momentum signals, to notice forming sideways trades by settling near 980.00$.

Our bullish overview will depend on forming continuous additional support at 950.00$, assuring the importance of gathering the positive momentum to manage to surpass the barrier and start achieving the positive targets by reaching 1005.00$ followed by 1015.00$ levels.

The expected trading range for today is between 960.00$ and 1015.00$

Trend forecast: Bullish