Natural gas price hits the target – Forecast today – 6-1-2025
Natural gas price formed more negative waves on last Friday to close the gap by touching 3.350$ level followed by forming quick positive rebound towards 3.570$.
Now, stochastic attempt to exit the oversold areas might increase the chances of breaching 3.570$ obstacle to reinforce the chances of achieving some gains by targeting 3.670$ followed by 3.750$ levels.
The expected trading range for today is between 3.510$ and 3.750$
Trend forecast: Bullish
The EURJPY loses the negative momentum – Forecast today – 6-1-2025
The EURJPY pair lost the negative momentum recently after recording 160.90 level, to form correctional bullish rebound by rallying towards the MA55 at 162.60, hinting postponing the negative attack for the current trades.
Also, stochastic begins to provide the positive momentum, which might assist to reinforce the chances of recording additional gains by attacking 163.30 barrier soon, which surpassing it will allow the price to settle within the minor bullish channel again to confirm its preparation to achieve additional gains in the upcoming period.
The expected trading range for today is between 161.70 and 163.30
Trend forecast: Bullish
The GBPJPY begins with new positivity – Forecast today – 6-1-2025
The GBPJPY pair failed to break 194.00 on last Friday to continue forming solid support against the negative attempts due to the consolidation of the MA55 near it, to notice starting to form bullish waves by attacking the first additional barrier at 195.85.
Also, stochastic begins to provide the positive momentum to assist to confirm the bullish track for now, to expect targeting 61.8% Fibonacci correction level at 197.25, while surpassing it will push the price to resume the rise and reach 199.00 direct.
The expected trading range for today is between 195.10 and 197.25
Trend forecast: Bullish
Platinum price keeps the negativity – Forecast today – 6-1-2025
Despite forming positive rebound recently, platinum price stability below the minor bearish channel’s resistance line at 942.00$ supports the previously suggested bearish scenario, also, the stability of the MA55 above 50% Fibonacci correction level at 950.00$ confirms confining trades within the bearish track that might target 905.00$ followed by 885.00$ levels.
On the other hand, forming bullish rally and settling above 950.00$ will cancel the negative overview for the near term and medium-term trades to expect targeting many positive stations that start at 965.00$ and 983.00$ levels.
The expected trading range for today is between 905.00$ and 945.00$
Trend forecast: Bearish