Natural gas price formed new bearish wave yesterday, moving away from the neckline of the negative pattern at $3.050, to notice its stability near $2.760.

The main indicators unionism by providing negative momentum confirms the price surrender to the dominance of the bearish track, to keep waiting for reaching extra stations at $2.610 and $2.390 level.

The expected trading range for today is between $2.610 and $2.850

Trend forecast: Bearish

The EURJPY pair didn’t settle above 172.00 level, affected by stochastic exit from the overbought level, forming some of the bearish correctional waves and its stability near 171.65.

The continuation of the negative pressures will force it to suffer more of the losses, to expect attacking 170.45 level, to extend the losses towards 169.80 which might form a neckline for the negative double top level, therefore, we recommend monitoring the price behavior when reaching this level to detect the main trend in the upcoming trading.

The expected trading range for today is between 170.45 and 172.30

Trend forecast: Bearish

The GBPJPY pair activated with the negative pressure yesterday that comes from the stability below the resistance at 200.70 besides providing negative momentum by stochastic, approaching few points from the initial negative target at 198.40.

The continuation of gathering the negative momentum will ease the mission of resuming the bearish correctional attack, to reach 198.10 then attempts to press on 61.8%Fibonacci correction level at 197.45, while the price success in stepping above 199.80 will cancel the bearish suggestion, providing a chance for renewing the bullish attempts in the upcoming period.

The expected trading range for today is between 198.10 and 199.40

Trend forecast: Bearish

Platinum price affected by new bearish pressure due to stochastic reach to the oversold level, forming a new decline and attacking the support of the sideways track at $1302.00.

Note that the stability of moving average 55 near the barrier at $1342.00 will increase the bearish pressure on the trading, reinforcing the chances for breaking the current support and begin forming new bearish waves, to expect suffering extra losses by reaching $1281.00 reaching 38.2%Fibonacci correction level at $1255.00.

The expected trading range for today is between $1300.00 and $1342.00

Trend forecast: Bearish