Natural gas prices were activated with the negative pressure yesterday, breaking the support at $3.320 level, to attack the moving average 55 near $3.220.
By the above image we notice stochastic reach the oversold level, to increase the chances of gathering the extra negative momentum, which makes us prefer more of the negative attempts that might target $3.050 and $2.940.
The expected trading range for today is between $3.050 and $3.320
Trend forecast: Bearish
The EURJPY pair confirmed its surrender to the dominance of the bearish corrective trend below 177.80 barrier, reaching towards 176.35 to begin gathering profits.
The continuation of the fluctuation below the mentioned barrier and stochastic attempt to exit the overbought level, makes us expect forming extra corrective waves to press on 175.85 level, then waiting for testing the extra support near 175.20.
The expected trading range for today is between 176.20 and 177.45
Trend forecast: Bearish
The GBPJPY pair confirmed its surrender to the bearish corrective trend by providing a new negative close below the barrier at 205.35 level, activating the suggested corrective attack, hitting 202.65 level to record the suggested targets in the previous report.
The continuation of the main indicators contradictions makes us expect the price affection by the sideways trend, to keep waiting for surpassing 203.85 level, to motive the bullish track by targeting 204.55 and 205.20.
The expected trading range for today is between 202.75 and 203.85
Trend forecast: Bullish
Platinum price ended its last bullish rally by it approach few points from the target at $1690.00, which forces it to form corrective decline towards $1584.00 affected by stochastic exit from the overbought level as appears in the above image.
Affected by the instability until gathering extra positive momentum, reminding you that the repeated stability above the support near $1520.00 will help it to motivate the bullish track by attacking the barrier at $1690.00 to find an exit for reaching the next target $1655.00.
The expected trading range for today is between $1570.00 and $1650.00
Trend forecast: Fluctuated within the bullish track