Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Natural gas price is slow – Analysis – 13-7-2023

Economies.com
2023-07-13 06:05AM UTC

Natural gas price provided slow sideways trades yesterday by settling near 2.650 level, postponing the waited bullish rally due to its fluctuation below the MA55, while the positive factors represented by 2.550 level forming additional support and stochastic rally above 80 level allow us to keep the bullish overview, to expect attacking 2.750 obstacle soon, while surpassing it will push the price to record many positive targets by moving towards 3.100 and 3.550.

 

The expected trading range for today is between 2.550 and 3.100

 

The expected trend for today: Bullish

The EURJPY hits the target – Analysis – 13-7-2023

Economies.com
2023-07-13 06:03AM UTC

The EURJPY pair touched 153.30 level yesterday, approaching the previously suggested target and form additional support against the negative attack, to form correctional bullish rebound towards 154.45, covering some recently suffered losses.

 

Note that stochastic continuous fluctuation near 20 level and the stability of the additional barrier 155.50 allow us to keep the negative overview, to keep waiting to gather the additional negative momentum to ease the mission of breaking 153.30 level and reach the next negative target at 152.25 direct.

 

The expected trading range for today is between 154.75 and 153.20

 

The expected trend for today: Bearish

The GBPJPY takes breath – Analysis – 13-7-2023

Economies.com
2023-07-13 06:03AM UTC

The GBPJPY pair touched 179.45 level recently, to approach the targeted additional support and provide temporary positive rebound, affected by stochastic exit from the oversold areas.

 

We expect to form some mixed trades to keep its fluctuation below 181.40 level, which might form additional barrier against the current trades, to manage to gather the required additional negative momentum to resume the decline and repeat the pressure on 179.35 level, while breaking it might extend losses towards 178.65 and 178.15 levels.

 

The expected trading range for today is between 180.80 and 179.35

 

The expected trend for today: Bearish

Platinum price approaches the barrier – Analysis – 13-7-2023

Economies.com
2023-07-13 06:02AM UTC

Platinum price was affected by the positive pressures caused by stochastic reach to the overbought areas yesterday, to notice approaching 965.00 barrier, while the upcoming scenario depends on the strength of this barrier, as its stability allows us to expect the beginning of gathering the negative momentum to ease the mission of renewing the negative attack and target 910.00 followed by 878.00 levels initially.

 

On the other hand, breaching the mentioned barrier and holding above it will confirm moving to the bullish track, to expect forming strong positive rally and target 990.00 initially, followed by reaching 1040.00.

 

The expected trading range for today is between 965.00 and 910.00

 

The expected trend for today: Bearish