Natural gas price continued forming negative pressures to keep its positive stability above the bullish channel’s support at $3.050, forming weak sideways trading due to the contradiction of the main indicators by providing negative momentum in the last period.

Note that the stability above the support level makes us wait for gathering the bullish momentum, to ease the mission of forming bullish waves, to target $3.450 reaching $3.910 level, while breaking the support and holding below it will force it to resume the decline, suffering big losses by reaching $2.850 and $2.660.

The expected trading range for today is between $3.000 and $3.450

Trend forecast: Bullish

The EURJPY pair was under strong bearish pressure yesterday, to press on the bullish channel’s support, represented by 183.45 level, to begin this morning trading with new negative trading by its exit from the bullish track and suffering extra losses by reaching 182.60 level.

Providing negative momentum by the main indicators confirms the price surrender to the bearish scenario, to expect to continue targeting negative stations until reaching 182.00, to attempt to test the next support near 181.05.

The expected trading range for today is between 181.05 and 183.50

Trend forecast: Bearish

The GBPJPY pair achieved the previously suggested negative targets by hitting 210.40 level, but providing negative momentum by the main indicators pushed this morning trading to resume the negative trend.

Forming negative attempts make us expect targeting 209.10 level, which might form an important support to recover the losses gradually by its rally towards 209.90 and 210.40, while breaking this barrier will force it suffer extra losses that might extend towards 208.50 and 208.20.

The expected trading range for today is between 209.00 and 210.40

Trend forecast: Bearish

Platinum price continued forming weak trading in the last period, to settle near $2100.00 without targeting new corrective station due to the main indicators’ attempt to provide bullish momentum, which contradicts with the negative stability below $2245.00 barrier.

The sideways trading continues for today until gathering the required negative momentum to activate the attempts of resuming the profit-taking by reaching $1950.00 initially, to attempt to reach the next target at $1860.00.

The expected trading range for today is between $1950.00 and $1255.00

Trend forecast: Bearish