Natural gas price holds above the support – Analysis – 19-9-2023
Natural gas price succeeded to face the recent negative pressures to notice its continuous fluctuation above the major support line at 2.400, confirming keeping the domination of the previously suggested bullish bias.
Getting new positive crawl now and settling above the MA55 will assist to activate the waited bullish attack, reminding you that the initial targets are located near 3.100 and 3.550.
The expected trading range for today is between 2.600 and 3.000
The expected trend for today: Bullish
The EURJPY keeps the positivity – Analysis – 19-9-2023
Despite facing continuous pressure by the major indicators, the EURJPY pair stability above the main bullish channel’s support line at 156.85 supports the chances of renewing the previously suggested bullish attempts, to notice its fluctuation near 157.80 now.
We need to assure the importance of starting to gather the positive momentum to manage to resume the bullish attack, waiting to touch some positive stations located near 158.50 followed by reaching the additional barrier at 159.20.
The expected trading range for today is between 157.20 and 159.20
The expected trend for today: Bullish
The GBPJPY repeats the pressure on the support – Analysis – 19-9-2023
The GBPJPY pair continued to form negative waves to repeat the pressure on the minor bullish channel’s support line at 182.90, while the current negativity is caused by stochastic attempt to crawl to the oversold areas, to confirm postponing the bullish attack for now.
Note that facing continuous negative pressures and 184.20 level attempt to form the additional barrier will increase the chances of activating the correctional bearish attack for the near term and medium-term period, to expect moving towards 182.35 and 181.80 levels before achieving any new positive target.
The expected trading range for today is between 183.35 and 182.35
The expected trend for today: Bearish
Platinum price fluctuates below the additional barrier – Analysis – 19-9-2023
No change to platinum price correctional bullish track until this moment by settling near 933.00, confirming postponing the previously suggested negative attack, reminding you that the stability of the additional barrier at 950.00 will form solid obstacle against the positive attempts, allowing us to waiting to gather the negative momentum again and ease the mission of activating the bearish track and decline towards 880.00 followed by reaching the main negative target at 855.00.
The above chart shows the MA55 approach to the additional barrier to confirm confining trades within the previously suggested negative track, also, stochastic reach to the overbought areas confirms the beginning of getting rid of the positive pressures, to provide chances to gather the required negative momentum to achieve the mentioned negative targets.
The expected trading range for today is between 950.00 and 910.00
The expected trend for today: Bearish