Natural gas price continues to form bearish trading, reaching to the extra negative target near $3.310, to decelerate the attempts to resume the decline in the current trading, which forces it to form weak sideways trading in the current period.

Note that the continuation of forming a strong support at $3.340 level against the current trading, by the unionism of providing negative momentum by the main indicators, these factors will increase the sharpness on the bearish track, to keep waiting for providing negative close below $3.130 level, to confirm targeting new negative stations that might begin at $2.950 and $2.730. 

The expected trading range for today is between $3.000 and $3.230

Trend forecast: Bearish

The EURJPY pair renewed the bullish attempts by leaning above the support at 162.10, to reach the obstacle at 163.35, achieving the initial waited target.

Stochastic attempt to exit the oversold level will increase the chances for gaining extra positive momentum that makes us wait for achieving the mentioned breach, to confirm its readiness to record extra gains that might extend towards 163.90 reaching towards 164.80 in the near period.

The expected trading range for today is between 162.40 and 163.90

Trend forecast: Bullish

The GBPJPY pair continued resisting the negative pressures that come from stochastic reach to 20 level, to achieve the initial target at 194.20, which forces it to decline again towards 193.45 due to its continuous neediness to the positive momentum.

Reminding you that the bullish scenario remains valid, depending on the stability of the main support near 191.50, the stability of the moving average 55 below the current trading might provide a chance for gaining positive momentum, to keep our bullish expectations which targets 194.60 level, and surpassing this obstacle will extend the trading directly to the next target at 195.30.

The expected trading range for today is between 192.90 and 194.60

Trend forecast: Bullish

Platinum price neediness to the negative momentum led to form some of the bullish waves by its stability above $983.00, approaching from the resistance at $1005.00, note that the continuation of providing positive momentum by the main indicators will confirm delaying the negative attack, to increase the chances of the trading rally towards 61.8%Fibonacci correction level, which forms the dividing line between confirming the main trend in the upcoming trading.

Therefore, we expect the continuation of the price’s fluctuation within tight range, to keep waiting for its decline below $983.00, which allows it activate the negative attack and reach towards the negative stations near $966.00 and $950.00.

The expected trading range for today is between $983.00 and $1010.00

Trend forecast: Fluctuated